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ASIA STOCKS: Asian Equities Mixed As Investors Book Profits

ASIA STOCKS
EM BulletFixed Income BulletsBulletAPACEmerging Market NewsForeign Exchange BulletsMarkets
  • Asian markets are trading mixed today. Japan's Nikkei 225 extended its rally, rising 0.35%, supported by gains in tech and export-related sectors like electrical machinery, with SoftBank surging another 5.5% on optimism surrounding its participation in a $100b AI initiative. Conversely, Korea's Kospi and Australia's S&P/ASX 200 slipped, the latter down 0.4% as mining and financial stocks weighed on the index.
  • Tech stocks showed divergence, with SK Hynix falling 4.7% despite reporting record quarterly profits, reflecting profit-taking after a recent rally. Investors across the region are also digesting Beijing's new measures to support its markets, including increased pension fund investments, and awaiting further announcements from China’s securities regulator.
  • Meanwhile, South Korea’s GDP data fell short of expectations, prompting the government to issue special bonds to stabilize the currency.
  • The MSCI Asia-Pacific Index is flat, with markets cautiously navigating economic uncertainties and ongoing global AI investment optimism.
  • The Trump interview with Sean Hannity is to air in about 30 mins on Fox
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  • Asian markets are trading mixed today. Japan's Nikkei 225 extended its rally, rising 0.35%, supported by gains in tech and export-related sectors like electrical machinery, with SoftBank surging another 5.5% on optimism surrounding its participation in a $100b AI initiative. Conversely, Korea's Kospi and Australia's S&P/ASX 200 slipped, the latter down 0.4% as mining and financial stocks weighed on the index.
  • Tech stocks showed divergence, with SK Hynix falling 4.7% despite reporting record quarterly profits, reflecting profit-taking after a recent rally. Investors across the region are also digesting Beijing's new measures to support its markets, including increased pension fund investments, and awaiting further announcements from China’s securities regulator.
  • Meanwhile, South Korea’s GDP data fell short of expectations, prompting the government to issue special bonds to stabilize the currency.
  • The MSCI Asia-Pacific Index is flat, with markets cautiously navigating economic uncertainties and ongoing global AI investment optimism.
  • The Trump interview with Sean Hannity is to air in about 30 mins on Fox