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2/5/2021 5:50:13 AM GMT Asia Market Update: Asia trades generally higher after US gains; USD remains mostly firmer; US jobs data due later today; Biden expected to speak on stimulus. General Trend - Following the mostly positive open, Asian indices have remained generally higher; Nikkei 225 is closer to session highs, Hang Seng has pared gains; ASX 200 closed near session highs - Financials trade broadly higher after the recent rise in longer-term gov’t bond yields - SMIC declines over 6% in HK, Q4 gross margin dropped - Kuaishou Technology rises over 190% during first day of trading in HK - Mazda rises over 18% amid raised outlook
+1.8% (earnings), TomTom [TOM2.NL] -13.5% (Earnings) - - - - - Speakers - ECB Economic Bulletin noted that the pandemic continued to pose serious risks to public health and to the euro area and global economies. Start of vaccination campaigns across the euro area was an important milestone in the resolution of the ongoing health crisis. Monetary stimulus remained essential to preserve favorable financing conditions over the pandemic period for all sectors of the economy - German Fin Min Scholz stated that had to make a decision in coming days whether debt brake suspension would also occur in 2022 - Italy Viva Party leader Renzi stated that Draghi was the best person for the Prime Minister position