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ASIA STOCKS: Asian Equities Edge Higher, Tech Struggling, BOK Cuts Rates

ASIA STOCKS
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Asian markets are trading higher today, BOK has cut rates, while Asian tech stocks struggle following a sell-off in the NASDAQ overnight with Dell and HP plunging nearly 12% after reporting disappointing sales, while and Semiconductor Index also fell 1.30%. Bitcoin-related stocks surged as Bitcoin rebounded above $97,000.

  • Japanese stocks fluctuated as tech-heavy Nikkei trading down 0.3%, led by declines in semiconductor-related stocks like Advantest and Tokyo Electron amid concerns about tighter US-China regulations under Trump. The USD/JPY weakened to 151.60 recent gains, adding pressure on equities.
  • Australian equities are on track for another day of gains, with healthcare & Financials trading higher, the ASX is currently up 0.45%
  • South Korea's KOSPI has pared earlier losses to now trade 0.20% higher following a surprise BOK rate cut, economists overwhelming expected the bank to hold. However the BOK cut citing slowing growth forecasts and external risks such as potential US trade tariffs, while many also expected the bank to protect the currency, bank officials stated most of the recent weakness in the KRW was largely due to USD strength. Foreign investors have so far this morning continued selling local stocks with a net outflow of $100m, $75m of that from tech stocks
  • Taiwan's TAIEX is 0.21% higher, with TSMC up 0.50%. There have been some heavy outflows in the region recently with $2b leaving the market in the past two sessions, taking yearly outflows to -$18b
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Asian markets are trading higher today, BOK has cut rates, while Asian tech stocks struggle following a sell-off in the NASDAQ overnight with Dell and HP plunging nearly 12% after reporting disappointing sales, while and Semiconductor Index also fell 1.30%. Bitcoin-related stocks surged as Bitcoin rebounded above $97,000.

  • Japanese stocks fluctuated as tech-heavy Nikkei trading down 0.3%, led by declines in semiconductor-related stocks like Advantest and Tokyo Electron amid concerns about tighter US-China regulations under Trump. The USD/JPY weakened to 151.60 recent gains, adding pressure on equities.
  • Australian equities are on track for another day of gains, with healthcare & Financials trading higher, the ASX is currently up 0.45%
  • South Korea's KOSPI has pared earlier losses to now trade 0.20% higher following a surprise BOK rate cut, economists overwhelming expected the bank to hold. However the BOK cut citing slowing growth forecasts and external risks such as potential US trade tariffs, while many also expected the bank to protect the currency, bank officials stated most of the recent weakness in the KRW was largely due to USD strength. Foreign investors have so far this morning continued selling local stocks with a net outflow of $100m, $75m of that from tech stocks
  • Taiwan's TAIEX is 0.21% higher, with TSMC up 0.50%. There have been some heavy outflows in the region recently with $2b leaving the market in the past two sessions, taking yearly outflows to -$18b