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ASIA STOCKS: Asian Equities Struggle, Tech Stocks Mixed, Samsung At 4yr Lows

ASIA STOCKS
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Asian equities declined for a fourth consecutive day, with widespread losses driven by concerns over President-elect Donald Trump’s proposed tariffs and upcoming US inflation data. The MSCI Asia Pacific Index fell as much as 1.1%, with industrial and consumer discretionary sectors leading the drop. South Korea’s Kospi saw the sharpest decline, down 2%, with Samsung hitting a four-year low. Japan, Australia, and Hong Kong also experienced notable losses. 

  • Broad losses in Asian equities today, China's CSI 300 is slightly higher, however this is largely due to the Telecom sector, all other sectors in the red, the HSI is 0.65% lower.
  • Asia semiconductor stocks are mixed today, with Tokyo Electron up 2.90% following strong 2Q results most other large cap names are flat to slightly higher apart from Samsung. The BBG Asia Semiconductor gauge is 1.05% lower.
  • Japanese stocks ehave continue to sell-off throughout the session as the rally following the US election begins to lose momentum. Despite some support from positive earnings reports, after Tokyo Electron reporting better-than-expected 2Q results. The TOPIX is 1.05% lower, while the Nikkei is -1.4% lower
  • South Korean equities are the worst performing in the region with the KOSPI -2.10%, while the KOSDAQ is -2.35%. Foreign investors continue to sell with a total $350m of net outflow today, majority of that from Samsung. Taiwan's TAIEX is little changed today, with TSMC unchanged and Hon Hai +0.90%
  • Australian financials and mining stocks are weighing down the ASX200 (-0.85%). New Zealand equities closed 0.60% lower, with Healthcare stocks contributing most to the losses.
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Asian equities declined for a fourth consecutive day, with widespread losses driven by concerns over President-elect Donald Trump’s proposed tariffs and upcoming US inflation data. The MSCI Asia Pacific Index fell as much as 1.1%, with industrial and consumer discretionary sectors leading the drop. South Korea’s Kospi saw the sharpest decline, down 2%, with Samsung hitting a four-year low. Japan, Australia, and Hong Kong also experienced notable losses. 

  • Broad losses in Asian equities today, China's CSI 300 is slightly higher, however this is largely due to the Telecom sector, all other sectors in the red, the HSI is 0.65% lower.
  • Asia semiconductor stocks are mixed today, with Tokyo Electron up 2.90% following strong 2Q results most other large cap names are flat to slightly higher apart from Samsung. The BBG Asia Semiconductor gauge is 1.05% lower.
  • Japanese stocks ehave continue to sell-off throughout the session as the rally following the US election begins to lose momentum. Despite some support from positive earnings reports, after Tokyo Electron reporting better-than-expected 2Q results. The TOPIX is 1.05% lower, while the Nikkei is -1.4% lower
  • South Korean equities are the worst performing in the region with the KOSPI -2.10%, while the KOSDAQ is -2.35%. Foreign investors continue to sell with a total $350m of net outflow today, majority of that from Samsung. Taiwan's TAIEX is little changed today, with TSMC unchanged and Hon Hai +0.90%
  • Australian financials and mining stocks are weighing down the ASX200 (-0.85%). New Zealand equities closed 0.60% lower, with Healthcare stocks contributing most to the losses.