Hong Kong PCB sector active; Shenghong Technology (02476.HK) up over 4%, Guanghe Technology (01989.HK), Dingtai High-Tech (01377.HK) and Dazhu CNC (03200.HK) also advanced.

BANK OF JAPAN Governor UEDA said that with firms becoming more aggressive in wage- and price-setting and medium-to-long-term inflation expectations rising, there is a risk that potential inflation could exceed the 2% price target.

PBOC conducted CNY463.3 bln of 7-day reverse repos and CNY100.0 bln of 14-day reverse repos today. With CNY4.0 bln of 7-day repos and CNY600.0 bln of overnight repos maturing, the central bank registered a CNY4.0 bln net withdrawal today. Over the week PBOC carried out CNY735.3 bln of 7-day reverse repos, CNY100.0 bln of 14-day reverse repos and CNY500.0 bln of outright reverse repos; with CNY8.5 bln of 7-day and CNY500.0 bln of outright repos maturing, the week saw a net injection of CNY826.8 bln.