Asian equities are trading mixed as US equity futures slumped, and Meta shares tumbled post-earnings, although the Korean KOSPI beats and plays catch up to this week’s risk tailwinds on return from the Lunar New Year holiday.
For the session ahead, tech investors will be digesting the recent price action after the Facebook/Meta (FB) report hammered the shares down double-digits. The downside on Wall Street could create headwinds for the Asian tech sector. On the geopolitical front, traders will be eyeing the tensions between Russia and Ukraine as the US has moved additional troops to Eastern Europe. Also on the radar, Russian President Putin will attend the Beijing Winter Olympics opening ceremony and hold bilateral talks with his Chinese counterpart Xi. Additionally, potential hawkish rhetoric could play a critical role as later in the session, the ECB and BoE will provide signs of the future monetary policy path.
