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Stocks in Asia are trading mixed at the beginning of a new week. Nikkei trades 0.8% lower, S&P/ASX 200 gained 0.3%, Kospi drops 0.5% and indices from China trade higher
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DAX futures point to a more or less flat opening of the European cash session
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US futures trade lower after the weekend
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Taiwan stock index dropped over 3% following jump in coronavirus cases over the weekend and tightening of restrictions. Prime Minister asked relevant authorities to prepare to stabilise equity and FX markets
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Cryptocurrencies slumped over the weekend after Elon Musk suggested via Twitter that Tesla may sell or may have already sold its Bitcoin holdings
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Chinese industrial production increased 9.8% YoY in April (exp. 9.8% YoY), retail sales were 17.7% YoY higher (exp. 24.9% YoY) while urban investments rose 19.9% YoY (exp. 19.1% YoY)
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Kia and Hyundai will halt some car production for 2 days due to chip shortage
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Precious metals, oil and industrial metals trade higher. Agricultural goods trade mixed
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USD and EUR are the best performing major currencies while NZD and AUD lag the most
BITCOIN plunged over the weekend on the back of Elon Musk's remarks. The main cryptocurrency dipped below previous local low at $46,600 and is now testing 61.8% retracement of the upward impulse launched in late-January ($42,500). Source: xStation5
