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Asian Equities Higher As Tech Names Lead the Way

ASIA STOCKS

Regional Asian Equities are higher today, following on from the US overnight as markets made new highs, tech names are the top performer. Japan out for Emperor's day.


  • Japan equities are closed today for Emperors Day.
  • Taiwan Equities saw $413m of foreign equity inflows on Thursday, almost erasing all outflows from the day prior as investors took profit ahead of Nvidia earnings. TMSC again leads the market higher up 1.00%, as the Taiex makes new all time highs to trade up 0.50% today.
  • South Korean equities are also higher today and set for a fifth week of gains, largely due to strength in the semiconductor space. Similar to Taiwan, SK saw decent foreign equity inflows of $187m, however momentum is slowing as the 5-day average now sits at $190m, well below the 20-day average of $296m. The Kospi is 0.50%.
  • Australian Equities are higher today, the tech sector is trading well although it contributes little to the overall market. Financials are contributing the most to the market led by CBA up 0.80%, while the ASX200 is 0.40% higher.
  • Elsewhere in SEA, New Zealand Equities is up 0.70%, Indonesia saw net selling by foreigners on Thursday contributing to their equity trading lower today, down 0.70%

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