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Asian equities ended the week with a thud, with Indonesia and Pakistan closed for Eid al-Fitr. The US dollar was a wrecking ball overnight, causing the Asia Dollar Index to decline by -0.19% as the South Korean Won underperformed by -0.89% overnight, with the US 10-year Treasury yield over 4.5%.
Asian equities were mixed overnight following a rough day in US stocks, which fell due to hot US inflation, providing further reinforcement to the higher-for-longer narrative.
Asian equities were mixed overnight ahead of US inflation data, which came in ahead of estimates, as Hong Kong outperformed significantly.
Asian equities were mixed overnight on light volumes in advance of US inflation data tomorrow, with Indonesia, Malaysia, and the Philippines closed for holiday.
Asian equities were mixed but mostly higher as Mainland China fell while Indonesia and Thailand were on holiday. Hong Kong bounced around the room to manage a small gain for the session, though growth stocks underperformed.