News Snapshot:
Japan -1.34%. Japan Services Producer Price Index (Jan.) +1.6% y/y (expected +1.5%). Japan Reuters Tankan (February): Manufacturing index -5 (prior -6). China -0.52%. Hong Kong -0.32%. Hong Kong’s economy is expected to see a rebound of 3.5% to 5.5% in 2023, after it saw a 3.5% contraction in gross domestic product for the whole of 2022. Australia -0.30%. Australian data - Q4 construction work completed a huge miss at -0.4% q/q (expected +1.5%). Australian Wages data Q4 2022: +0.8% q/q (vs. expected +1%). India -1.01%. Overnight on Wall Street, it was a rough day for the major US stock indices...
