The state session ended flat after all. The energy and financial sectors recorded an increase, leading the rally early in the session, but by the end the bulls were tired. With large technological stocks, the bulls experienced serious difficulties in pushing the stock higher, which brought with it the shares in the defensive sector. The momentum was lost, but nothing dramatic happened.
With flat closing the expectation and quieter opening of Asian financial centers, markets will also focus on Chinese CPI inflation data during the non-Asian session. In Hong Kong, things have not calmed down yet, with protests expected to continue weighing on the Hong Kong Index.
With the absence of other fundamental news today and calendar data for the Asian session, we expect a more relaxed Asian session with limited movement.
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