AUS
NZ
UK
CA
USA
IND
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Summary
- Most APAC markets have opened in the red.
- ASX200 opens flat in green.
- China macros disappoint.
Most of the equity markets across the Asia Pacific region were trading in the red on Thursday, as Chinese industrial profits data showed a slowdown for the month of April.
The Nikkei225 benchmark in Japan was trading 75 basis points down, while in South Korea, the KOPSI was down 66 bps.
In Mainland China, the Shanghai Composite index was down 36 bps, while the Shenzen Composite was trading flat at the time of filing this copy. The Dow Jones Shanghai was also down 42 bps.
Profits at China’s industrial firms with annual revenue in excess of CNY 20 million rose 57% year-on-year in April to CNY 768.63 billion (US$120.22 billion), according to the official data. The April numbers have slowed from a 92.3% year-on-year surge seen in March, according to the National Bureau of Statistics (NBS).
The Chinese administrative region of Hong Kong was down 29 bps, while Taiwan’s Weighted Index was down 1.18%.
In Australia, the ASX200 was trading flat, but in the green – up 6 bps.
The investors are also keenly tracking shares of Xiaomi in Hong Kong after the Chinese smartphone maker on Wednesday reported a nearly 55% surge in its March-quarter revenue as against the same period a year earlier.
