Sea of RED..
Bloodbath in China after Biden plans to sign an order in coming weeks to limit investments in China by American businesses. Overseas investors sold 7.62B yuan of Chinese-A shares via Hong Kong marking the highest net selling so far this year.
- Hong Kong: Hang Seng closed down -1.57%%
- China CSI 300 -1.96%
- Taiwan KOSPI -0.73%
- India Nifty 50 -0.02%
- Australia ASX -0.08%%
- Japan Nikkei -0.34%
- All European bourses all in negative territory so far this morning
- US indices in negative territory so far this morning in pre-market, USD +0.03%
Overnight Data/News
- PBoC Fixes USDCNY Reference Rate At 6.8752 (prev fix 6.8987 prev close 6.8740)
- UK Retail Sales Inc Auto Fuel (M/M)Mar: -0.9% (est -0.5%; prevR 1.1%) – Retail Sales Inc Auto Fuel (Y/Y)Mar: -3.1% (est -3.1%; prevR -3.3%) – Retail Sales Ex Auto Fuel (M/M)Mar: -1.0% (est -0.6%; prevR 1.4%) – Retail Sales Ex Auto Fuel (Y/Y)Mar: -3.2% (est -3.1%; prevR -3.0%)
- German S&P Global Manufacturing Flash PMI Apr: 44.0 (est 45.7; prev 44.7) – German S&P Global Services Flash PMI Apr: 55.7 (est 53.4; prev 53.7) – German S&P Global Composite Flash PMI Apr: 53.9 (est 52.9; prev 52.6)
- Eurozone S&P Global Manufacturing Flash PMI Apr: 45.5 (est 48.0; prev 47.3) – Eurozone S&P Global Services Flash PMI Apr: 54.4 (est 54.5; prev 55.0) – Eurozone S&P Global Composite Flash PMI Apr: 56.6 (est 53.7; prev 53.7)
- UK S&P Global/CIPS Manufacturing Flash PMI Apr: 46.6 (est 48.4; prev 47.9) – UK S&P Global/CIPS Services Flash PMI Apr: 54.9 (est 52.8; prev 52.9) – UK S&P Global/CIPS Composite Flash PMI Apr: 53.9 (est 52.2; prev 52.2)
- G-7 Mulling Near Full Russia Export Ban As New Sanction – Kyodo
- Credit Suisse Investors Sue Swiss Regulator Over Bond Wipeout – FT
- China Building Cyber Weapons To Hijack Enemy Satellites, Says US Leak – FT
- Nomura, Bank Of America Raise China’s Economic Growth Forecasts – BBG
- Glencore Expects Another Bumper Year Of Commodity Trading Profit – BBG
- Russian Arms Sales To India Stall Due to Fears Over US Sanctions – BBG
- ECB’s Visco: We Don’t Have Credit Crunch Situation Now – BBG TV
- BoJ Sees ‘Sound And Resilient’ Financial System Despite Some Jitters – RTRS
- ECB’s Vujcic: Core Inflation Is Still Too High
- U.S. To Strike Economic Deal With Pacific Islands To Counter China – Nikkei
US DATA TODAY
