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ASIA STOCKS: Asian Equities Higher, Tech Stocks Lead the Way

ASIA STOCKS
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Asian equities are higher this morning, buoyed by a lower-than-expected US core PCE inflation reading, which increased hopes for more Fed rate cut in 2025. The MSCI Asia Pacific Index snapped a six-day losing streak as US equity futures pointed higher. Despite today’s gains, markets remain cautious. Focus this week will be on upcoming inflation data in Tokyo, Singapore, and minutes from the Reserve Bank of Australia's dovish policy meeting.

  • Japanese equities are higher across the board with the Topix is up 0.75% while the Nikkei 225 advanced 0.95%. Recruit holdings is up 3.65% while Tokyo Electron is benefitting from a 1.50% jump higher in the SOX on Friday, with the stock last up 1.46%.
  • China & Hong Kong equities are all higher, with HSI up 0.85%, banking stocks are the top performers with the HS Banking Index 1.20% higher, followed by HS Property Index which trades up 1.15%. In China mainland equities consumers discretionary is the top performing sector, the CSI 300 was last up 0.50%.
  • The tech heavy markets in Taiwan and South Korea have surged higher today, after seeing heavy selling on Friday. The TAIEX is 2% higher with TSMC up 2.90% & Hon Hai up 2.50%, while in South Korea the KOSPI is 1.30% higher after Samsung jumped 1.70%.
  • Australian equities are trading 1% higher, although still trades 4% lower for the month. Financials are the top performing sector today, followed by Real Estate stocks. New Zealand, NZX50 is trading 0.10% lower after Fisher & Paykel dropped 1.15%.

 

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Asian equities are higher this morning, buoyed by a lower-than-expected US core PCE inflation reading, which increased hopes for more Fed rate cut in 2025. The MSCI Asia Pacific Index snapped a six-day losing streak as US equity futures pointed higher. Despite today’s gains, markets remain cautious. Focus this week will be on upcoming inflation data in Tokyo, Singapore, and minutes from the Reserve Bank of Australia's dovish policy meeting.

  • Japanese equities are higher across the board with the Topix is up 0.75% while the Nikkei 225 advanced 0.95%. Recruit holdings is up 3.65% while Tokyo Electron is benefitting from a 1.50% jump higher in the SOX on Friday, with the stock last up 1.46%.
  • China & Hong Kong equities are all higher, with HSI up 0.85%, banking stocks are the top performers with the HS Banking Index 1.20% higher, followed by HS Property Index which trades up 1.15%. In China mainland equities consumers discretionary is the top performing sector, the CSI 300 was last up 0.50%.
  • The tech heavy markets in Taiwan and South Korea have surged higher today, after seeing heavy selling on Friday. The TAIEX is 2% higher with TSMC up 2.90% & Hon Hai up 2.50%, while in South Korea the KOSPI is 1.30% higher after Samsung jumped 1.70%.
  • Australian equities are trading 1% higher, although still trades 4% lower for the month. Financials are the top performing sector today, followed by Real Estate stocks. New Zealand, NZX50 is trading 0.10% lower after Fisher & Paykel dropped 1.15%.