China, Hong Kong stocks lift Asian equities; growth worries loom


China, HK stocks rise after fresh reports of easing COVID curbs


Economic slowdown fears temper risk sentiment


Morning Bid- So what's up with Treasuries?

By Ankur Banerjee

SINGAPORE, Dec 8 (Reuters) - Asian equities rose on Thursday, propped up by Hong Kong and China stocks amid growing optimism over an easing of COVID restrictions in the world's second biggest economy even as fears of a slowdown and worries over Fed interest rate rises linger.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.57%, on track to snap a two-day losing streak.

China's stock market .SSEC was 0.14% higher, with Hong Kong's Hang Seng Index .HSI surging nearly 3% after a pro-China newspaper reported that Hong Kong government is considering relaxing its COVID-19 curbs further.

The latest report comes after the government on Wednesday announced sweeping changes to ease a tough anti-COVID policy that has battered China's economy.

"While it could be a bumpy journey over next few weeks, China is ready to move on from COVID in one to two quarters," said Wenli Zheng, portfolio manager of the China Evolution Equity Strategy at T. Rowe Price, adding that Chinese equities could be the bright spot in 2023.

The gains in Asia were capped as increasing fears that the Federal Reserve might stick to a longer rate-increase cycle after strong jobs and service-sector reports crimped investors' risk appetite.

Elsewhere in Asia, Australia's S&P/ASX 200 index .AXJO lost 0.67%, while Japan's Nikkei .N225 fell to near a one-month low. E-mini futures for the S&P 500 EScv1 fell 0.13%, while Eurostoxx 50 futures STXEc1 was down 0.20%, German DAX futures FDXc1 fell 0.18% and FTSE futures FFIc1 0.17% lower.

Also weighing were U.S. Treasury yields, with five-year notes to 30-year bonds hovering at three-month lows.

"The thing that stands out is what's going on U.S. Treasury market, there does not seem to be a lot behind the moves, and I think that's what driving most of the rest of the market," said Rob Carnell, head of ING's Asia-Pacific research.

The U.S. central bank is widely expected to raise interest rates by 50 basis points next week after delivering four consecutive 75 bps hikes.

The Bank of Canada on Wednesday hinted that its historic tightening campaign was near an end as it raised benchmark overnight interest rates by 50 basis points to 4.25%, the highest level in almost 15 years.

Data on Wednesday showed that U.S. worker productivity rebounded at a slightly faster pace than initially thought in the third quarter, but the trend remained weak, keeping labour costs elevated.

The yield on 10-year Treasury notes US10YT=RR was up 5.4 basis points to 3.462%, while yield on the 30-year Treasury bond US30YT=RR was up 3.6 basis points to 3.450%.

The two-year US2YT=RR U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 3.9 basis points at 4.295%.

In the currency market, the U.S. dollar wobbled as the prospect of a recession in the country loomed. The euro EUR=EBS down 0.1% to $1.0495, while sterling GBP=D3 was last trading at $1.2178, down 0.17% on the day.

Oil prices rose on Thursday after sinking to their lowest level this year. U.S. crude CLc1 recently rose 0.9% to $72.66 per barrel and Brent LCOc1 was at $77.79, up 0.8% on the day.

World FX rates YTD Link
Global asset performance Link
Asian stock markets Link

Editing by Kim Coghill and Gerry Doyle

면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.

온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.

이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.

우리는 웹사이트에서 최고의 경험을 전해드리기 위해 쿠키를 사용하고 있습니다. 자세히 읽거나 쿠키 설정을 변경하세요.

리스크 경고: 고객님의 자본이 위험에 노출 될 수 있습니다. 레버리지 상품은 모든 분들에게 적합하지 않을수 있습니다. 당사의 리스크 공시를 참고하시기 바랍니다.