E-minis regained some of their overnight losses, up 45 points from the open at 2988. The followed suit up 0.71%, the flat on the day, and the down 1.64%.
There has been a net $240.20 mn worth of foreign inflows into Korean equities today. If the positive print holds, that would be the first inflow daily since Feb. 21. The inflow chimes with downside on the day. This a massively positive sign for Asian equity market risk
China’s Securities Journal (CSJ) front-page editorial says that the PBoC may cut policy rates in March and infuse liquidity to ward off the economic implications of the coronavirus. In light of the 25bp and the Fed’s 50bp , interest rate cuts have become a universal choice on coronavirus concerns. While the coronavirus outbreak in China appears to be past its worst, the economic fallout is only becoming apparent. Growth and stability are undoubtedly Beijing’s top priority. Another round of interest rate cut could meet the…
