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EQUITIES: Asian Equities Mixed Ahead Of Key US Data

EQUITIES
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Asian equities are mixed today as investors exercised caution ahead of the U.S. nonfarm payrolls report. Markets in Australia, South Korea while Japanese stocks fell for a third day, led by weak earnings from retailers like Fast Retailing after the company missed earnings expectations, though commodity gains supported mining and metals stocks. South Korea’s KOSPI saw a slight uptick, driven by semiconductor and auto shares, as Samsung Electronics and Hyundai Motor advanced. However, LG Energy Solution and Samsung Biologics weighed on the index. 

  • There is little on the APAC data calendar today, with most of the focus turning to tonight Non-farms. The US market will reopen again tonight, after closing early for Jimmy Carter's Memorial.
  • JPMorgan expects Chinese equities to face near-term risks from US-China tensions, elevated USD, and high volatility but predicts a rebound post-inauguration of US President-elect Donald Trump, driven by clearer policies and Beijing's response. The bank recommends overweight positions in cyclical IT, industrials, and materials for Q1 while staying cautious on autos, life insurance, healthcare, and real estate.
  • Treasury yields fell after hitting recent highs, while the dollar index held its prior gains, reflecting global uncertainty. Oil prices climbed for a second day on tighter U.S. inventories, countering concerns over Chinese economic weakness. Markets remain focused on U.S. labor data later today, with hopes that a gradual slowdown in employment could support rate-cut expectations.
  • APAC Markets: Japan's Nikkei -0.90% & TOPIX -0.6%, South Korea's KOSPI now flat, Hong Kon's HSI +0.45%, China's CSI 300 flat, Taiwan's TAIEX flat, Australia's ASX200 -0.60%, New Zealand's NZX 50 -0.10%
  • US Equity futures are lower with Dow Jones -0.20%, S&P 500 -0.45% & NASDAQ -0.60%
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Asian equities are mixed today as investors exercised caution ahead of the U.S. nonfarm payrolls report. Markets in Australia, South Korea while Japanese stocks fell for a third day, led by weak earnings from retailers like Fast Retailing after the company missed earnings expectations, though commodity gains supported mining and metals stocks. South Korea’s KOSPI saw a slight uptick, driven by semiconductor and auto shares, as Samsung Electronics and Hyundai Motor advanced. However, LG Energy Solution and Samsung Biologics weighed on the index. 

  • There is little on the APAC data calendar today, with most of the focus turning to tonight Non-farms. The US market will reopen again tonight, after closing early for Jimmy Carter's Memorial.
  • JPMorgan expects Chinese equities to face near-term risks from US-China tensions, elevated USD, and high volatility but predicts a rebound post-inauguration of US President-elect Donald Trump, driven by clearer policies and Beijing's response. The bank recommends overweight positions in cyclical IT, industrials, and materials for Q1 while staying cautious on autos, life insurance, healthcare, and real estate.
  • Treasury yields fell after hitting recent highs, while the dollar index held its prior gains, reflecting global uncertainty. Oil prices climbed for a second day on tighter U.S. inventories, countering concerns over Chinese economic weakness. Markets remain focused on U.S. labor data later today, with hopes that a gradual slowdown in employment could support rate-cut expectations.
  • APAC Markets: Japan's Nikkei -0.90% & TOPIX -0.6%, South Korea's KOSPI now flat, Hong Kon's HSI +0.45%, China's CSI 300 flat, Taiwan's TAIEX flat, Australia's ASX200 -0.60%, New Zealand's NZX 50 -0.10%
  • US Equity futures are lower with Dow Jones -0.20%, S&P 500 -0.45% & NASDAQ -0.60%