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Asia Equities Higher As Tech Leads The Way, Nikkei 225 Makes New ATHs

EQUITIES

Regional Asian Equities are higher today with markets in the region getting a boost from strong earning results from Nvidia.


  • Japan equities are higher today, tech names lead the way. The Nikkei 225 up 1.67%, and made fresh all time highs earlier, we sit just off those levels now. Japanese export names are also seeing support as the yen stayed weaker, currently at 150.29, while foreigners bought a net of ¥382b of Japanese stocks for the week ended Feb 16, marking the 7th straight week of net buying. The Topix is lagging the Nikkei 225 today, up about 1.00%.
  • Taiwan Equities are pushing higher today mostly due to higher Tech stocks, with TMSC leading the way up 1.47%. Yesterday Taiwan saw -$466m in foreign equity outflow and -$843m for the week, expect this to change as investors look to get back into semiconductor names now that Nvidia has reported earnings. Taiex is up 0.84%
  • South Korean equities are also higher today, again largely due to strength in the semiconductor space. Similar to Taiwan, SK saw net selling by foreigners yesterday as -$133m left the market. Currently the Kospi is 0.38% higher
  • Australian Equities are flat today, weakness in the financials sectors was offset by strength in Health Care and Construction sector. Currently the ASX200 is 0.03% higher
  • Elsewhere in SEA, New Zealand Equities trade 0.86% higher, Thailand up 0.20% while Indonesia, India Singapore and Malaysian Equities trade off 0.40-0.50%
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