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ASIA STOCKS: Asian Equities Mixed, Tech Underperforms Ahead Of TSMC Earnings

ASIA STOCKS
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Asian equities are mixed today, with no clear direction, tech stocks are underperforming following ASML's lower-than-expected sales guidance on Tuesday, which looks to have added to concerns ahead of earnings from TSMC the world's largest chipmaker. China's equities market has seen increased volatility, with the market disappointed with the housing briefing, property benchmarks swung from +1.5% to -3%. Elsewhere, Australia's employment data was stronger-than-expected, with the ASX200 making new record highs.

  • Outside of the China Housing briefing the market has been rather quiet, the US announced they had conducted strikes on weapon storage facilities in Yemen, although this did little to move markets.
  • Japanese equities are mixed, with the Nikkei trading down 0.50% following a 2.75% drop from Tokyo Electron, while the TOPIX is trading flat, with banks outperforming (TOPIX Banks Index +1.60%)
  • Taiwan's TAIEX & South Korea's KOSPI are both little changed today, with the market eagerly awaiting TSMC earnings which are due out at 1700 AEST / 1400 HKT.
  • Australian equities have hit new all time highs following much stronger-than-expected employment data. Australia's labor market remained robust in September, with employment growth surpassing expectations. The economy added 64.1k jobs, driven mainly by full-time positions (+51.6k), while part-time employment also increased by 12.5k. This followed a revised gain of 42.6k jobs in August. The unemployment rate held steady at 4.1%, the lowest since May, and the participation rate reached a new high of 67.2%. Banks are the top performing stocks, closing followed by real estate. Tech stocks struggle, although they only make up a small portion of the index, ASX 200 is currently 0.62% higher.

 

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Asian equities are mixed today, with no clear direction, tech stocks are underperforming following ASML's lower-than-expected sales guidance on Tuesday, which looks to have added to concerns ahead of earnings from TSMC the world's largest chipmaker. China's equities market has seen increased volatility, with the market disappointed with the housing briefing, property benchmarks swung from +1.5% to -3%. Elsewhere, Australia's employment data was stronger-than-expected, with the ASX200 making new record highs.

  • Outside of the China Housing briefing the market has been rather quiet, the US announced they had conducted strikes on weapon storage facilities in Yemen, although this did little to move markets.
  • Japanese equities are mixed, with the Nikkei trading down 0.50% following a 2.75% drop from Tokyo Electron, while the TOPIX is trading flat, with banks outperforming (TOPIX Banks Index +1.60%)
  • Taiwan's TAIEX & South Korea's KOSPI are both little changed today, with the market eagerly awaiting TSMC earnings which are due out at 1700 AEST / 1400 HKT.
  • Australian equities have hit new all time highs following much stronger-than-expected employment data. Australia's labor market remained robust in September, with employment growth surpassing expectations. The economy added 64.1k jobs, driven mainly by full-time positions (+51.6k), while part-time employment also increased by 12.5k. This followed a revised gain of 42.6k jobs in August. The unemployment rate held steady at 4.1%, the lowest since May, and the participation rate reached a new high of 67.2%. Banks are the top performing stocks, closing followed by real estate. Tech stocks struggle, although they only make up a small portion of the index, ASX 200 is currently 0.62% higher.