• Asian markets experienced a calm day with varied performances in equities after a tumultuous week.
  • The Nikkei, which saw a 5.5% gain last week, took a pause today.
  • The People’s Bank of China’s Yuan fix back in the 7.09 range eased concerns of further Yuan weakening.
  • China made headlines by blocking the use of AMD and Intel chips for government purposes.
  • Japan’s Monetary Policy Meeting Minutes from January kept all the information the same.
  • Japan’s currency chief voiced concerns about the low yen.
  • The New Zealand dollar fell to a four-month low.
  • US equity futures showed slight declines during Asian trading hours.

Key Events:

  • Monday: Speech by ECB President Lagarde.
  • Tuesday: AU Consumer Confidence, DE Consumer Confidence.
  • Wednesday: AU February CPI.
  • Thursday: JP BOJ March meeting SOMP, AU Retail Sales, US Final Q4 GDP.
  • Friday: JP February Industrial Production & Retail Sales, US February Core PCE & Fed Chair Powell speech.

Holiday Schedule:

  • Monday: India.
  • Thursday: Malaysia, Philippines.
  • Friday: Australia, Hong Kong, India, Indonesia, New Zealand, Philippines, Singapore.

Major Headlines:

  • Australian government considering minimum wage tied to inflation.
  • Japan discussing strengthening joint military cooperation with the US.
  • China blocks AMD and Intel chips for government use.
  • The IMF Managing Director highlights a pivotal moment for China’s growth.
  • Sinopec reports fiscal year earnings.
  • US Treasury Secretary Yellen will visit China in April.
  • Singapore and Malaysia report CPI data.
  • Germany’s IFO business climate index rises.
  • ECB and BOE policymakers make remarks on potential rate cuts.

Market Levels:

  • Nikkei 225 down 0.5%, ASX 200 up 0.6%, Hang Seng up 0.5%, Shanghai Composite up 0.4%, Kospi down 0.7%.
  • S&P500 Futures flat, Nasdaq100 down 0.1%, Dax flat, FTSE100 flat.
  • Currencies: EUR, JPY, AUD, NZD in specified ranges.
  • Commodities: Gold up 0.5%, Crude Oil up 0.6%, Copper up 0.8%.

This summary provides an overview of the day’s events and market movements across Asia.

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