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ASIA: Asian Equities Mixed, HK Stocks Surge On Stimulus Measures

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  • Asian markets are trading with mixed results today, influenced by geopolitical tensions and optimism surrounding China’s economic recovery.
  • Chinese shares listed in Hong Kong extended their rally as the HS China Enterprises Index climbed 7.25%, reflecting a bullish sentiment on the back of China’s stimulus measures, despite ongoing geopolitical concerns. Property stocks have been the top performing with BBG property gauge trading up 30% and now up 140% from the September lows, Tech stocks have also surged with HSTech Index up 8.50%
  • Japanese equities are lower today as tensions mount in the Middle East and dampen demand for exporters, semiconductor stocks have seen the bulk of the losses with Tokyo Electron -2.45%, Advantest -3.50% & lasertec -3.40%. Investors are also cautious following the new prime minister being announced which saw equities sell off last week, while the yen holds onto recent gains which has been hurting exporters. The Topix is -0.75%, while the Nikkei is -1.45%
  • Elsewhere, South Korea's KOSPI is little changed today with major tech stocks like SK Hynix and Samsung Electronics posting mixed performances. Foreign investors have been better sellers of local tech stocks today with total outflows of $233m. Australia's ASX 200 is also little changed today as gains in Metals & Mining stocks are offset by losses in Financials, Health Care & Real Estate stocks.

 

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  • Asian markets are trading with mixed results today, influenced by geopolitical tensions and optimism surrounding China’s economic recovery.
  • Chinese shares listed in Hong Kong extended their rally as the HS China Enterprises Index climbed 7.25%, reflecting a bullish sentiment on the back of China’s stimulus measures, despite ongoing geopolitical concerns. Property stocks have been the top performing with BBG property gauge trading up 30% and now up 140% from the September lows, Tech stocks have also surged with HSTech Index up 8.50%
  • Japanese equities are lower today as tensions mount in the Middle East and dampen demand for exporters, semiconductor stocks have seen the bulk of the losses with Tokyo Electron -2.45%, Advantest -3.50% & lasertec -3.40%. Investors are also cautious following the new prime minister being announced which saw equities sell off last week, while the yen holds onto recent gains which has been hurting exporters. The Topix is -0.75%, while the Nikkei is -1.45%
  • Elsewhere, South Korea's KOSPI is little changed today with major tech stocks like SK Hynix and Samsung Electronics posting mixed performances. Foreign investors have been better sellers of local tech stocks today with total outflows of $233m. Australia's ASX 200 is also little changed today as gains in Metals & Mining stocks are offset by losses in Financials, Health Care & Real Estate stocks.