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Asian Market Summary.

Asian Market Summary: Long yields corrected in Japaan, led by Treasuries, with the U.S. 10-year down -4.6 bp at 2.819%, the 10-year JGB down -2.5 bp. Stock markets meanwhile remained under pressure and the Topix was down -0.79%, the Nikkei lost 0.66%, the Hang Seng is currently down -1.34%, PKOSPI., ASX 200 anmd Nifty 50 are also all in the red, while mainland Chinese bourses are narrowly mixed, after Beijing's annual growth forecast, which set the annual target at "around 6.5%" for this year, down from 6.9% expansion reported for 2017. The Caixin Services PMI dipped to 54.2 in February from 54.7, still pointing to solid expansion. The uncertain outcome of the Italian election added to pressure on sentiment and U.S. stock futures are also down.

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Publication:The Fly
Date:Mar 5, 2018
Words:138
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