Berliner Boersenzeitung - Asian markets mixed as torrid week draws to close

EUR -
AED 3.846712
AFN 71.807227
ALL 98.181287
AMD 408.741135
ANG 1.896218
AOA 956.69975
ARS 1051.474539
AUD 1.607186
AWG 1.887741
AZN 1.775375
BAM 1.955978
BBD 2.124294
BDT 125.731453
BGN 1.955856
BHD 0.394743
BIF 3107.942455
BMD 1.04729
BND 1.413856
BOB 7.269732
BRL 6.089055
BSD 1.052096
BTN 88.893295
BWP 14.363651
BYN 3.443214
BYR 20526.891799
BZD 2.120793
CAD 1.463222
CDF 3005.723629
CHF 0.928386
CLF 0.036958
CLP 1019.788135
CNY 7.589394
CNH 7.597547
COP 4599.290984
CRC 534.848719
CUC 1.04729
CUP 27.753196
CVE 110.276098
CZK 25.351963
DJF 187.357066
DKK 7.458487
DOP 63.395775
DZD 139.906489
EGP 52.086951
ERN 15.709356
ETB 131.113521
FJD 2.380279
FKP 0.826644
GBP 0.831994
GEL 2.853909
GGP 0.826644
GHS 16.728684
GIP 0.826644
GMD 74.357674
GNF 9068.912683
GTQ 8.121817
GYD 220.122153
HKD 8.149857
HNL 26.587803
HRK 7.470594
HTG 138.135221
HUF 411.236405
IDR 16667.626683
ILS 3.890307
IMP 0.826644
INR 88.493105
IQD 1378.345295
IRR 44096.162128
ISK 146.10796
JEP 0.826644
JMD 167.0924
JOD 0.742635
JPY 161.750335
KES 135.624579
KGS 90.590336
KHR 4243.467575
KMF 491.859767
KPW 942.560961
KRW 1466.588842
KWD 0.322189
KYD 0.876792
KZT 521.765001
LAK 23046.099274
LBP 94221.08262
LKR 306.117884
LRD 189.911833
LSL 19.037816
LTL 3.092376
LVL 0.633496
LYD 5.139468
MAD 10.522459
MDL 19.158745
MGA 4926.566365
MKD 61.541781
MMK 3401.55836
MNT 3558.692716
MOP 8.434989
MRU 41.843211
MUR 48.597817
MVR 16.180409
MWK 1824.409737
MXN 21.393631
MYR 4.680378
MZN 66.941933
NAD 19.037907
NGN 1771.051806
NIO 38.714451
NOK 11.587179
NPR 142.228993
NZD 1.793139
OMR 0.403204
PAB 1.052096
PEN 3.996464
PGK 4.235426
PHP 61.749814
PKR 292.44392
PLN 4.343462
PYG 8257.752201
QAR 3.835886
RON 4.976827
RSD 116.996977
RUB 106.090014
RWF 1445.666196
SAR 3.932066
SBD 8.750667
SCR 14.264572
SDG 629.944061
SEK 11.585257
SGD 1.409323
SHP 0.826644
SLE 23.653039
SLL 21961.160959
SOS 601.280607
SRD 37.079312
STD 21676.796766
SVC 9.20597
SYP 2631.348395
SZL 19.04619
THB 36.403629
TJS 11.205281
TMT 3.675989
TND 3.328535
TOP 2.452859
TRY 36.16514
TTD 7.141753
TWD 34.098201
TZS 2777.790119
UAH 43.438094
UGX 3887.391222
USD 1.04729
UYU 44.83494
UZS 13526.232108
VES 48.457274
VND 26622.121915
VUV 124.336421
WST 2.923606
XAF 656.032418
XAG 0.033805
XAU 0.000389
XCD 2.830355
XDR 0.802592
XOF 656.016757
XPF 119.331742
YER 261.732278
ZAR 18.938124
ZMK 9426.870262
ZMW 29.012643
ZWL 337.227081
  • RBGPF

    59.6900

    59.69

    +100%

  • BCC

    2.9500

    140.36

    +2.1%

  • SCS

    -0.0300

    13.04

    -0.23%

  • CMSC

    0.1200

    24.64

    +0.49%

  • NGG

    -0.1700

    63.1

    -0.27%

  • GSK

    0.3500

    33.7

    +1.04%

  • CMSD

    0.1850

    24.445

    +0.76%

  • BCE

    -0.3200

    26.68

    -1.2%

  • RIO

    0.1800

    62.57

    +0.29%

  • RELX

    0.6500

    45.76

    +1.42%

  • RYCEF

    0.1800

    6.79

    +2.65%

  • JRI

    0.0000

    13.23

    0%

  • VOD

    -0.1000

    8.84

    -1.13%

  • AZN

    1.0600

    64.26

    +1.65%

  • BTI

    -0.1000

    36.98

    -0.27%

  • BP

    0.4400

    29.52

    +1.49%

Asian markets mixed as torrid week draws to close
Asian markets mixed as torrid week draws to close

Asian markets mixed as torrid week draws to close

Asian markets were mixed on Friday, at the end of a broadly damaging week for global investors as the Federal Reserve gave notice that the days of ultra-cheap cash were coming to an end quicker than some had envisaged.

Text size:

Rising tensions between Russia and the West over the Ukraine crisis are adding to the increasingly fractious mood on trading floors, where a selling frenzy this month has wiped around $7 trillion off valuations around the world.

While recent data has shown economies picking up as they reopen and the Covid-19 threat wanes, commentators warn that the volatility seen in recent months will likely continue for the near-term as the Fed tightens policy.

The US central bank has in recent weeks taken a more hawkish turn as it looks to fight four-decade-high inflation by ramping up interest rates and offloading its vast bond holdings that have helped keep costs down.

Officials plan a hike in March, but debate among investors is now on by how much and how many more will follow. Some have suggested a 50 basis point rise and another possible five before 2023.

Fed boss Jerome Powell's commented this week that the economy, which grew last year at its fastest pace since the 80s, is well placed to handle the tightening.

Markets have rallied for the best part of two years to record or multi-year highs, and analysts say a hefty pullback is to be expected, owing to profit-taking and the removal of a pandemic-era central bank and government stimulus.

"Really what we are seeing is historic intraday volatility," Chris Murphy, of Susquehanna International Group, told Bloomberg Television. "It's been a pretty amazing ride so far this year."

And Federated Hermes senior global equities portfolio manager Lewis Grant said the Covid threat looked like being replaced by a "fractious geo-political landscape".

"Global supply chain disruptions look to worsen as the relationship between Russia and the West deteriorates" as Moscow massed troops on Ukraine's border.

"Russia's supply of natural gas to Western Europe could further spark volatility across financial markets and as we turn the corner on the pandemic we now see a possible conflict as one of the biggest threats to markets in 2022," he warned.

On Wall Street, all three main indexes ended in the red -- reversing early gains as they had the day before -- with the Nasdaq leading the way again as tech firms are more susceptible to higher borrowing costs.

Asia fared a little better, with bargain-buying providing support after Thursday's steep drops.

Tokyo and Sydney piled on around two percent apiece -- while Singapore, Seoul, Manila and Jakarta were also up.

But Hong Kong lost more than one percent, while Shanghai and Wellington were also deep in negative territory.

Still, markets strategist Louis Navellier remains upbeat.

"While the Fed's intention of getting tougher on inflation will likely result in interest rates creeping up, the reopening of the US and global economies post-pandemic should result in upside growth surprises," he said in a note.

"Already Covid hospitalisation rates have peaked and are falling, and health restrictions are being lifted in many locations.

"The recent volatility may continue to play out as the Fed officially takes away the punch bowl of monetary support, but growth should continue to offset inflation and interest rate increases."

- Key figures around 0230 GMT -

Tokyo - Nikkei 225: UP 2.1 percent at 26,720.06 (break)

Hong Kong - Hang Seng Index: DOWN 1.1 percent at 23,548.75

Shanghai - Composite: DOWN 0.8 percent at 3,366.72

Dollar/yen: UP at 115.45 yen from 115.36 yen late Thursday

Euro/dollar: UP at $1.1149 from $1.1147

Pound/dollar: UP at $1.3395 from $1.3381

Euro/pound: DOWN at 83.23 pence from 83.27 pence

West Texas Intermediate: UP 0.5 percent at $87.07 per barrel

Brent North Sea crude: UP 0.4 percent at $89.68 per barrel

New York - Dow: FLAT at 34,160.78 (close)

London - FTSE 100: UP 1.1 percent at 7,554.31 (close)

-- Bloomberg News contributed to this story --

(B.Hartmann--BBZ)