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Asian markets subdued as investors brace for earnings season

“Hong Kong’s Hang Seng index was almost unchanged at 28,454.70 and the Shanghai Composite Index rose 0.3 percent to 3,389.98” reports Trading was mostly subdued after Wall Street saw losses, as investors awaited corporate earnings and U.S. inflation data.Asian stock markets were subdued on Friday, apart from another strong gain by Japan’s benchmark.Diving into the earnings season, it may not be a welcoming turn for Asian markets looking to continue the strong rally from yesterday,” Jingyi Pan of IG said in a commentary.

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