Chinese equities halt advance as Apple warning tempers with risk mood

Author: Justin Low | Category: News

Chinese equities are more tepid after a solid start to the week yesterday

The CSI 300 index closes lower by 0.5% but the Shanghai Composite managed to pare losses to close up by 0.1% on the day, after the Apple revenue guidance warning tempered with the risk mood in Asia Pacific trading.

Despite the mixed tones here, the market is still leaning towards being risk-off with US and European futures keeping lower to start the session.

As such, USD/JPY remains a little pressured to the downside at 109.75 but key near-term support remains intact for now.

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