MNI BRIEF: China Consumer Market Strong In November - MOFCOM

MNI: PBOC Net Injects CNY309 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY328.2 BLN VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1966 Thurs; +0.94% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1966 THURS VS 7.1991

MNI BRIEF: Musalem: Too Soon To Add Trump Plans To Dec Fed SEP

MNI: EUROZONE FLASH Q3 GDP +0.4% Q/Q, +0.9% Y/Y

MNI: EUROZONE SEP IP -2% M/M, -2.8% Y/Y

MNI: SPAIN OCT HICP +0.4% M/M, +1.8% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ASIA STOCKS: Asian Equities Edge Lower, Semiconductor Stocks Struggle

ASIA STOCKS
EM BulletAPACEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Asian equities are mixed today, the MSCI Asia Pacific is 0.40i% lower although it has been a quiet session with ranges tight. Japan, South Korea & Australian equities have edged up slightly higher driven by expectations that the Fed may lower interest rates in December after US inflation data aligned with forecasts. China, Hong Kong & Taiwan equities continue to struggle following announcement from Trump he will be appointing people critical of China to key government positions. On the data front, the focus was on Australian employment data which came in below expectations ending 5 consecutive months of more than 30k new jobs.

  • Hong Kong shares slid amid thin volumes as the market stayed open despite signs of severe weather. Shares of Tencent Holdings rose as much as 2.8% after the Chinese tech giant posted better-than-expected earnings. Hong Kong & China Property stocks initially rose after the government announced measures including tax cut for homebuyers and developers, however pared gains with major benchmarks now lower, Mainland Property Index  -2.25%, CSI 300 Real Estate Index -0.50%, BBG China Property Developer Gauge is -1.80%.
  • Asia semiconductor shares continues to sell-off as investors concern grow on  the sector’s outlook after Trump’s win. TSMC -0.50%, SK Hynix -5%, Hon Hai -0.50%, Tokyo Electron is 3.50% lower after Wednesday jump higher following strong earnings, while Samsung is 1.20% higher after hitting four-year lows on Wednesday.
  • Foreign investors continue to sell South Korean equities, in particular Samsung which has seen -$520m of outflows. There has however been buying across Services, Transport & Machinery stocks, the KOSPI has seen net outflows of -$178m so far today.
  • Japan's TOPIX +0.40%, Nikkei +0.10%. Hong Kong's HSI -0.9%, China's CSI 300 -0.30%. South Korea's KOSPI +0.50%. Taiwan's Taiex -0.35%. Australia's ASX200 +0.50%.
288 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Asian equities are mixed today, the MSCI Asia Pacific is 0.40i% lower although it has been a quiet session with ranges tight. Japan, South Korea & Australian equities have edged up slightly higher driven by expectations that the Fed may lower interest rates in December after US inflation data aligned with forecasts. China, Hong Kong & Taiwan equities continue to struggle following announcement from Trump he will be appointing people critical of China to key government positions. On the data front, the focus was on Australian employment data which came in below expectations ending 5 consecutive months of more than 30k new jobs.

  • Hong Kong shares slid amid thin volumes as the market stayed open despite signs of severe weather. Shares of Tencent Holdings rose as much as 2.8% after the Chinese tech giant posted better-than-expected earnings. Hong Kong & China Property stocks initially rose after the government announced measures including tax cut for homebuyers and developers, however pared gains with major benchmarks now lower, Mainland Property Index  -2.25%, CSI 300 Real Estate Index -0.50%, BBG China Property Developer Gauge is -1.80%.
  • Asia semiconductor shares continues to sell-off as investors concern grow on  the sector’s outlook after Trump’s win. TSMC -0.50%, SK Hynix -5%, Hon Hai -0.50%, Tokyo Electron is 3.50% lower after Wednesday jump higher following strong earnings, while Samsung is 1.20% higher after hitting four-year lows on Wednesday.
  • Foreign investors continue to sell South Korean equities, in particular Samsung which has seen -$520m of outflows. There has however been buying across Services, Transport & Machinery stocks, the KOSPI has seen net outflows of -$178m so far today.
  • Japan's TOPIX +0.40%, Nikkei +0.10%. Hong Kong's HSI -0.9%, China's CSI 300 -0.30%. South Korea's KOSPI +0.50%. Taiwan's Taiex -0.35%. Australia's ASX200 +0.50%.