New Zealand Dollar Bucks USD Strength but APAC Sentiment Fragile on China Lockdowns

From dailyfx.com

Asia-Pacific markets are set to see a cautious open amid fragile market sentiment following a mostly downbeat Wall Street trading session. The S&P 500 closed 0.65% lower, and the Nasdaq-100 Index (NDX) fell 1.24%. Treasury cash markets opened after an extended holiday weekend, although yields were unremarkably changed, with most tenures seeing little movement around levels not traded since late September. The US-listed Nasdaq Golden Dragon China Index fell 3.44% against the Nasdaq-100’s 1.24% drop. That bodes poorly for today’s trading in Chinese technology stocks despite surging credit growth in China. New Yuan ... (full story)