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Asian Equities Mixed Ahead Of CB Decisions, AU CPI & CH PMIs

ASIA STOCKS
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Asian equities are mixed this morning amid investor caution ahead of significant central bank decisions. Japanese stocks fell more than 1% and bond yields rose in anticipation of a potential interest rate hike from the BoJ, following reports of a possible rate hike discussion. Meanwhile, South Korean stocks gained, driven by Samsung Electronics' impressive profit growth. Hong Kong's market remained stable despite losses in major US technology companies. Investors also await China's PMI & Australia's CPI data due out shortly.

  • Japanese stocks dropped over 1%, and government bond yields rose as investors prepared for a potentially market-moving decision from the BoJ. The yen strengthened slightly against the dollar, and Japan’s 10-year yield increased to 1.055% following reports that the BOJ board will discuss raising rates to around 0.25%. the Nikkei 225 is 1.05% lower, while the broader Topix is 0.80% lower, financials are the stand out today with the Topix Bank Index up 1.65%.
  • South Korean equities are higher this morning, led by gains in Samsung after the company reported its fastest profit growth since 2010. The benchmark KOSPI rose 0.50%, despite declines in other major stocks like LG Energy Solution and POSCO Holdings, the positive performance in the tech and auto sectors bolstered the market, while the small-cap focused KOSDAQ is 0.20% lower.
  • Taiwan equities have opened lower today, after the Philadelphia SE Semiconductor Index fell 3.88% overnight, while Microsoft also fell over 6% in after hours trading on the back of disappointing earnings update. Foreign investors are back to offloading local stocks, although on Tuesday this selling was matched with local accounts buying. Later today, 2Q GDP data is expected to show a drop from 6.56% to 4.8%.
  • The Australian market is higher this morning driven by gains in banks and consumer discretionary stocks. Investors are awaiting Australia’s 2Q headline inflation data, with consensus at 3.8%. The ASX 200 is 0.60% higher. New Zealand equities are little changed this morning with gains in Industrials offset by losses in Utilities and Consumer Staples.
  • In EM Asia markets are higher today with Malaysian & Singapore equity futures are pointing to a 0.15% gain while Indonesian equity futures are steady.
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Asian equities are mixed this morning amid investor caution ahead of significant central bank decisions. Japanese stocks fell more than 1% and bond yields rose in anticipation of a potential interest rate hike from the BoJ, following reports of a possible rate hike discussion. Meanwhile, South Korean stocks gained, driven by Samsung Electronics' impressive profit growth. Hong Kong's market remained stable despite losses in major US technology companies. Investors also await China's PMI & Australia's CPI data due out shortly.

  • Japanese stocks dropped over 1%, and government bond yields rose as investors prepared for a potentially market-moving decision from the BoJ. The yen strengthened slightly against the dollar, and Japan’s 10-year yield increased to 1.055% following reports that the BOJ board will discuss raising rates to around 0.25%. the Nikkei 225 is 1.05% lower, while the broader Topix is 0.80% lower, financials are the stand out today with the Topix Bank Index up 1.65%.
  • South Korean equities are higher this morning, led by gains in Samsung after the company reported its fastest profit growth since 2010. The benchmark KOSPI rose 0.50%, despite declines in other major stocks like LG Energy Solution and POSCO Holdings, the positive performance in the tech and auto sectors bolstered the market, while the small-cap focused KOSDAQ is 0.20% lower.
  • Taiwan equities have opened lower today, after the Philadelphia SE Semiconductor Index fell 3.88% overnight, while Microsoft also fell over 6% in after hours trading on the back of disappointing earnings update. Foreign investors are back to offloading local stocks, although on Tuesday this selling was matched with local accounts buying. Later today, 2Q GDP data is expected to show a drop from 6.56% to 4.8%.
  • The Australian market is higher this morning driven by gains in banks and consumer discretionary stocks. Investors are awaiting Australia’s 2Q headline inflation data, with consensus at 3.8%. The ASX 200 is 0.60% higher. New Zealand equities are little changed this morning with gains in Industrials offset by losses in Utilities and Consumer Staples.
  • In EM Asia markets are higher today with Malaysian & Singapore equity futures are pointing to a 0.15% gain while Indonesian equity futures are steady.