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ASIA STOCKS: Asian Equities Mixed As Japanese Equities Struggle

ASIA STOCKS

Asian markets traded mixed on Tuesday as global economic concerns and US policy developments influenced sentiment. Japan's Nikkei fell 1.5%, marking a fourth day of losses, with chip-related stocks like Advantest and Lasertec sliding after new US export restrictions on semiconductors. Chinese and Hong Kong equities led regional gains, buoyed by optimism over gradual US tariff rollouts and potential policy support for China's economy. The Australian market advanced, supported by energy stocks as oil prices hovered near a five-month high, South Korean shares initially dipped however the KOSPI now trades 0.40% higher while Taiwan’s Taiex rose 0.9%, driven by gains in semiconductor stocks, including a 1% jump from TSMC.

  • US Economic Data has been a main contributor of softer equity prices following stronger-than-expected US jobs data increased expectations that the Federal Reserve will delay rate cuts, weighing on growth stocks across the region, with the market now closly watching tonight PPI numbers.
  • There is growing optimism Over Gradual US Tariff Rollouts after reports that the incoming US administration considering a measured increase in tariffs this provided a boost to Chinese and Hong Kong equities, easing inflation and growth concerns.
  • Oil Prices and Energy Stocks have benefitted from oil prices hovering near a five-month high following tougher US sanctions on Russian oil producers.
  • India’s Nifty 50 is nearing oversold territory, with its 14-day RSI approaching 30, a level that has previously signaled potential reversals but can persist below it for extended periods. The broader selloff, driven by rising oil prices and a weak rupee, has also pushed the Nifty Smallcap 250 index to its most oversold level since June 2022, marking its worst day since August.
  • US Equity futures are edging higher throughout the session, with Dow eminis +0.15%, S&P 500 eminis +0.30% and NASDAQ 100 eminis +0.46%
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Asian markets traded mixed on Tuesday as global economic concerns and US policy developments influenced sentiment. Japan's Nikkei fell 1.5%, marking a fourth day of losses, with chip-related stocks like Advantest and Lasertec sliding after new US export restrictions on semiconductors. Chinese and Hong Kong equities led regional gains, buoyed by optimism over gradual US tariff rollouts and potential policy support for China's economy. The Australian market advanced, supported by energy stocks as oil prices hovered near a five-month high, South Korean shares initially dipped however the KOSPI now trades 0.40% higher while Taiwan’s Taiex rose 0.9%, driven by gains in semiconductor stocks, including a 1% jump from TSMC.

  • US Economic Data has been a main contributor of softer equity prices following stronger-than-expected US jobs data increased expectations that the Federal Reserve will delay rate cuts, weighing on growth stocks across the region, with the market now closly watching tonight PPI numbers.
  • There is growing optimism Over Gradual US Tariff Rollouts after reports that the incoming US administration considering a measured increase in tariffs this provided a boost to Chinese and Hong Kong equities, easing inflation and growth concerns.
  • Oil Prices and Energy Stocks have benefitted from oil prices hovering near a five-month high following tougher US sanctions on Russian oil producers.
  • India’s Nifty 50 is nearing oversold territory, with its 14-day RSI approaching 30, a level that has previously signaled potential reversals but can persist below it for extended periods. The broader selloff, driven by rising oil prices and a weak rupee, has also pushed the Nifty Smallcap 250 index to its most oversold level since June 2022, marking its worst day since August.
  • US Equity futures are edging higher throughout the session, with Dow eminis +0.15%, S&P 500 eminis +0.30% and NASDAQ 100 eminis +0.46%