Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Asian Equities Under Pressure

By MarketPulse (Jeffrey Halley)Stock MarketsApr 12, 2021 06:00AM ET
Asian Equities Under Pressure
By MarketPulse (Jeffrey Halley)   |  Apr 12, 2021 06:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Asian equity markets are under pressure on several fronts today, sending the region’s bourses lower across the board. Lower US index futures, China’s big-tech clampdown, inflation, Covid-19 and vaccination delays regionally, geopolitics; investors can choose their poison. Chinese equities are lower after the US warned China over Taiwan today, with China continuing to play games with fleets of ships over the Spratly Islands.

On Friday, US stocks shrugged off the US PPI data, with the S&P 500 rose 0.77%, the NASDAQ climbing was 0.51%, and the Dow Jones leaping by 0.89%. In Asia today, though, the futures on all three have fallen by 0.30%, tempering even Wall Street’s eternal optimism.

The Nikkei 225 has fallen 0.55%, with the KOSPI today’s outperformer, rising a miserly 0.10%. In China, the Shanghai Composite has declined 0.80%. Further clampdowns on China technology companies have sent the CSI 300 tumbling by 1.85%, with the Hang Seng falling 1.15%. If the sell-off accelerates this afternoon, it will be interesting to see if China’s “national team” emerges to ‘stabilise’ markets.

Elsewhere, Singapore, Kuala Lumpur and Taipei are 0.45%, while Jakarta and Manila are unchanged. Bangkok has fallen 1.30% as Covid-19 cases materially increase in Thailand, and the Nifty 50 futures are 1.70% lower, pointing to a torrid start for India’s markets this afternoon.

Australia will release key employment data on Thursday, which should retreat from last month’s blowout of 89,000 jobs added but still come in around 40,000, although it is a volatile series. Australia may run into a few headwinds this week, though, as the government basically threw their vaccination schedule for 2021 into the rubbish bin this morning due to AstraZeneca (NASDAQ:AZN) production and import issues, as well as age-related restrictions for its use. The ASX is down 0.30% and the All Ordinaries by 0.37%.

European and UK markets are likely to open lower, not being immune to the negativity sweeping Asian markets and US index futures.

Original Post

Asian Equities Under Pressure

Related Articles

Asian Equities Under Pressure

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email