Asia equities started the trading session positively after Wall Street extended on record highs, focusing on earnings. Fresh China’s crackdown has been causing strong capital outflows to safer regions. Also, the reopening trade is slowly reappearing on the radar.
Tech names could keep trading under pressure as the fear of more interference from China in the second quarter grows. Reopening stocks might outperform as Delta variant fears start to fade. Global traders will be active ahead of a busy week of US earnings with big Techs reporting, FOMC, geopolitics, US infrastructure discussions, and month-end trade.
