Asian equities could trade mixed with risk-taking tilt

Asian equities could trade mixed with a risk-taking tilt as traders are starting to price markets according to a macroeconomic outlook as the banking crisis keeps fading. Month-end technical flows and rising bond yields due to repricing monetary policy and hedging unwinding could weigh on performance in the Technology and Communication sectors. Still, underperformance could be limited due to the lack of a significant market driver.

Traders should watch the continuation of mixed market performances as participants weigh factors such as rising global bond yields, inflation concerns, and geopolitical risks from Russia/Ukraine. Quarter-end and the upcoming earnings season and economic data releases could provide direction for the markets heading into the back of the week.