[MARKET ANALYSIS] Asia-Pac stocks are mostly subdued after the choppy US performance and mixed geopolitical updates
Former BoJ official Shirai says the BoJ may hold off raising rates in June
Syrian local sources reported that Israeli troops with more than 10 military vehicles entered one of the villages in Al-Quneitra province in southern Syria, according to Tasnim
[MARKET ANALYSIS] Asia-Pac stocks are mostly subdued after the choppy US performance and mixed geopolitical updates
US Trade Representative proposes to impose tariffs of 25% on all imports from Brazil, except for goods that are subject to Section 232 national security tariffs
USTR says determined that Brazil has performed unreasonable acts under Section 301 and that the acts are actionable, adds US continues to engage with Brazil to seek a resolution and the US will hold a hearing about proposed action on June 6th
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APAC Stocks: Mixed
- Asia-Pac stocks are mostly subdued following the choppy performance stateside, where the major indices ultimately finished mostly higher amid tech strength and mixed geopolitical updates.
ASX 200: -0.5%
- Index is subdued amid weakness in real estate, financials and defensives, while sentiment was also not helped by a slew of mostly weaker-than-expected data releases.
Nikkei 225: -1.7%
- Slipped after printing a new all-time high at the open with very few fresh catalysts from Japan, and as the recent mixed geopolitical headlines provide an opportunity to book profits.
Hang Seng & Shanghai Comp: Hang Seng +0.9% / Shanghai Comp -0.1%
- Chinese markets conform to the mixed picture with the mainland lacklustre, while the Hong Kong benchmark is led higher by strength in the big tech names with Meituan underpinned post-earnings, while the likes of Tencent, Alibaba, Lenovo, Kuaishou, SMIC and JD are among the top performers.
US Equity Futures: Lower
- Price action is lacklustre following recent mixed geopolitical messaging.
European Equity Futures +0.3%
- Indicate a positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with losses of 0.3% on Monday.
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