5/11/2021 6:49:35 AM GMT
Asia Market Update: Asia generally tracks declines on Wall St, HK TECH index drops over 4%; China released 2020 census; Japan earnings remain in focus; Colonial Pipeline situation continues to develop.
General trend
- Asian markets extended losses after the mostly lower opens; US equity FUTs continued to move lower led by Nasdaq.
- Tech has lagged in Asia after the Nasdaq declined by over 2.5%.
- Mining shares trade generally lower after gains on prior session; China Iron Ore FUTs drop over 3.5%.
- Nikkei dropped >3% after opening lower by ~1% [Panasonic drops over 6% after issuing results/guidance, weighs on Topix Electric Appliances index; Softbank Group declines over 6%].