fxstreet.com 29 Jan, 2021 04:30 am

Risk catalysts supersede upbeat data, China tension renews

Risk catalysts supersede upbeat data, China tension renews
Equities in Asia-Pacific drift on early Friday as market players struggle to overcome macro pessimism driven by fears of global economic weakness, tra

Asian shares trade mixed even as data from Japan, Australia and South Korea flash welcome results.In doing so, the risks ignore welcome prints of the second-tier data from Japan, Australia and South Korea.Furthermore, South Korea’s KOSPI declines 1.Equities in Asia-Pacific drift on early Friday as market players struggle to overcome macro pessimism driven by fears of global economic weakness, trading restrictions and China’s fresh tussle with the West.

Looking forward, a light calendar requires market players to keep searching for the risk catalysts for fresh impulse.Hopes of US fiscal stimulus, light calendar and market consolidation probe the bears.

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