Business Maverick: Asian equities advance, led by China tech stocks: markets wrap

Chinese tech firms listed in Hong Kong jumped as much as 4.4% while the MSCI Asia Pacific Index headed for a third weekly gain. Goldman Sachs strategists upgraded Hong Kong stocks to market-weight on bets for a reopening of China’s economy.the amount of its short-term cash injections to the banking system, as the nation’s government bond market steadied following this week’s steep losses.

Treasury yields held gains across the curve during morning trading in Asia after the previous day’s jump when St Louis Fed president James Bullard said policymakers should increase interest rates to “The market believes that inflation is on the downtrend. We also believe that, but the fact of inflation having peaked is not a reason for the Fed to turn and cut rates,” Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, said on Bloomberg Radio. “That’s the fundamental disconnect that still exists between the Fed and the market.”

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