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APEC Markets Mixed & Range Trading Ahead Of US Thanksgiving

EQUITIES

Equity markets have been mixed during the APAC session following US weakness on Tuesday. The MSCI APEX 50 is down 0.3% with China/HK falling but Japan rallying. The Nasdaq e-mini is down 0.1% but S&P is flat ahead of the US holiday on Thursday.

  • While HK’s Hang Seng is down only 0.1%, China’s CSI is 0.5% lower but the property component is slightly higher.
  • Japan’s Nikkei is 0.3% higher, Korea’s KOSPI up only 0.1% but Taiwan’s TAIEX is down 0.7%, due to semiconductor manufacturer TSMC falling 1.7%. Tech stocks have been weaker after the Nasdaq’s Nvidia fell in after-hours trading despite better profits.
  • Australia/NZ are little changed with the ASX down 0.1%. The NZX 50 is up slightly.
  • ASEAN is mixed with Indonesia’s Jakarta Comp falling 0.6%, SE Thai -0.8%, Malay KLCI -0.6% but Singapore’s Straits Times is up 0.4% and Philippines PSEi +0.2%.
  • India’s Nifty 50 is marginally higher.

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