[MARKET ANALYSIS] Asia-Pac equities trade in the green across the board despite weakness stateside following Fed subpoenas and geopolitics
The Asia-Pacific equities are benefiting from positivity despite challenges in the US, specifically following subpoenas issued to the Federal Reserve.
China Vanke (2202 HK) is to pitch bond delay plans amid restructuring talks
PRE-MARKET INDIAN STOCK NEWS
[MARKET ANALYSIS] Asia-Pac equities trade in the green across the board despite weakness stateside following Fed subpoenas and geopolitics
The US is to host a meeting on rare earths this week, according to Bloomberg
US President Trump denies involvement in the DoJ's issuance of federal subpoena to the Fed; issued subpoenas unrelated to interest rates
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Asia-Pac stocks are entirely in the green, following on from the positivity seen stateside during Friday's session. Japanese traders were away today amid a domestic holiday.
- ASX 200 did see gains of as much as 0.7% as the APAC session got underway but has started to pare back slightly as XAU back away from new record highs. Despite spot XAU pulling back, ASX gold is the sector outperformer (+2.9%), followed by consumer discretionary (+1.7%) and energy (+0.9%).
- KOSPI is the Asian outperformer, currently trading +1.2%. Gains are led in the constructions and machinery sector (+4.7%) despite a clear driver. Financials and vehicles components remain near the top of the sector pile (+3.9%).
- Hang Seng and Shanghai Comp. are in the green but slightly lagging behind its Asian peers but trading with modest gains, up 0.4%.
- US equity futures are in the red across the board (ES -0.5%, NQ -0.8%), weighed by news of the subpoenas by federal prosecutors to Fed Chair Powell.
- European equity futures are indicative of an uneventful open with the Euro Stoxx 50 future flat after cash closed +1.6% on Friday.
The broader gains in Asia, led by strong performances in the KOSPI and ASX gold sector, suggest a divergence where regional investors remain optimistic, potentially looking for opportunities even in a fragile global context. With US futures down, the situation reflects a cautious sentiment tempered by geopolitical pressures and domestic legal inquiries affecting the Fed.
Related headlines
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets2 days ago
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print2 days ago
- US EQUITY OPEN: US indices reverse initial CPI losses2 days ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open2 days ago
- Newsquawk European Market Wrap - 11th September 20262 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+2 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th2 days ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL2 days ago
- Daily US Equity Opening News: ORCL gains on earnings and FY guidance beat; ADBE weighed by slight Q4 revenue miss; SMR downgraded2 days ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC2 days ago
- US President Trump reiterates USD 5k payment to all US adults will happen 2 days ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran2 days ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources2 days ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources2 days ago
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi2 days ago
- US President Trump reiterates that Iran will never possess a nuclear weapon2 days ago
- JPMorgan revises Fed forecast and now sees hikes in September and December2 days ago
- Newsquawk Preview: US CPI due Friday 11th September at 13:30BST/08:30EDT2 days ago
The whole workspace, free to try.
Try it free