This morning’s trade shows mixed action in Asian shares, where China’s Beige Book revealed PBOC easing actions have so far resulted in limited economic impact on the mainland economy, matching the recent run of negative data. However, the Shanghai Composite was 0.3% higher on the session, and the South Korean Kospi gained 0.1%. Japan’s Nikkei lost 0.5% as the yen continued its rise, up 0.2% against the US dollar at 78.050, hurting exporters’ shares. A broad selloff in natural resources weighed on Australia’s S&P/ASX 200, driving the index 0.5% lower as well. Hong Kong’s Hang Seng dropped 0.2% on the day. |