Feb 18, 2021 05:07 GMTFXStreet News
Asian equities drift lower even as Australia, India and Indonesia mark mild gains.
Beijing inflation likely to improve, vaccines can’t assure guaranteed strength against covid variants.
Aussie employment figures confirmed RBA’s downbeat expectations.
Global traders fail to offer a warm welcome to Chinese counterparts as markets in Asia-Pacific remain sluggish, mostly negative, during early Thursday. The risk catalyst wobbles as Beijing couldn’t offer any key reaction to the latest shift in risk while the coronavirus (COVID-19) vaccine news flash mixed signals.
That said, MSCI’s index of Asia-Pacific shares outside Japan drops 0.17% whereas Japan’s Nikkei follows the suit with 0.23% despite BoJ Governor Haruhiko Kuroda’s efforts to recall buyers. Further, stocks in China pare initial gains even as Financial Times suggest inflation run-up in the dragon nation.