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Reuters-Asian shares dragged lower by China dollar on back foot

November 24, 2023   3 min   499 words

这篇报道反映了亚洲股市在美国感恩节放假期间由中国拖累而走低的情况。美元也处于下行趋势,因为投资者认为美国利率已经达到峰值。文章提到,亚洲太平洋地区股市整体呈现0.4%的下滑,但本周有望上涨0.9%。特别是中国蓝筹股下跌0.3%,香港恒生指数更是下跌1.3%。分析师指出,由于市场迅速反弹,技术上被超买,可能经历一段时间的整固。对于未来的利率调整,投资者开始讨论时机和速度。在货币市场上,美元兑一篮子货币的汇率接近三个月低点。总体而言,这篇报道展现了亚洲市场在美国放假期间的动荡,以及对未来美国利率走势的关注。

2023-11-24T02:14:43Z
Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo

Asian shares were dragged lower by China on Friday amid little guidance from Wall Street which was closed for a holiday, while the dollar remained on the back foot as investors bet U.S. rates have peaked.

The yen was little changed after data showed that Japan's core consumer inflation picked up again in October, although by less than expected, and factory activity shrank for a sixth straight month.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.4% but are headed for a weekly gain of 0.9%. It is up a whopping 7.1% so far in November as investors grew increasingly confident that the U.S. rates have peaked, with discussions shifting to the timing and speed of future rate cuts.

Japan's markets (.N225) returned from a holiday, with Nikkei (.225) climbing 1.0% to charge towards a 33-year high hit on Monday.

Chinese bluechips (.CSI300) fell 0.3% while Hong Kong's Hang Seng index (.HSI) tumbled 1.3%, reversing the previous day's hefty gains. Chinese developers listed in Hong Kong (.HSMPI) lost 0.7%, after jumping 6.4% on Thursday on more support measures from Beijing to prop up the beleaguered industry.

"Since share markets rebounded so quickly, they became technically overbought, so it's quite possible we go through a period of consolidation in markets," said Shane Oliver, chief economist at AMP.

"You get the talk of the so-called Santa rally, but often times Santa rally doesn't really occur in the last two weeks of December. So we could have a couple of weeks with the markets sort of just meandering around and lacking direction."

Overnight, U.S. markets were closed for the Thanksgiving holiday. In Europe, slightly better than expected euro zone PMIs nudged the euro and shares higher and Sweden's crown dropped as its central bank left rates on hold.

Minutes of the European Central Bank October policy meeting showed euro zone inflation falling as expected, or even a bit faster, but suggested policymakers needed to keep the possibility of an interest rate hike on the table.

Cash Treasuries fell a little as they resumed trading in Asia, with two-year Treasury yields up 2 basis points to 4.9338% and benchmark ten-year yields up 4 bps to 4.4568%.

In the currency markets, the dollar < =USD> was on the back foot against its peers at 103.71, nearing a three month low of 103.17.

The sterling perched near a 2-1/2 month top at $1.2575, as strong results from a business survey led markets to push back bets on when the first rate cut from the Bank of England might come.

Oil prices were mixed after tumbling more than 1% on concerns over the delayed OPEC+ meeting. Brent crude futures were up 0.3% at $81.69 a barrel while U.S. West Texas Intermediate crude fell 0.6% to $76.65 a barrel.

Gold prices was flat at $1,992.75 per ounce.