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EQUITIES: Asian Equities Mixed As Market Remains Cautious Ahead Of US CPI

EQUITIES
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Asian markets are trading cautiously ahead of key US inflation data, which could influence the Fed's interest rate decision. China's Central Economic Work Conference has fueled optimism with signals of fiscal and monetary stimulus, though skepticism lingers due to past unmet policy promises. South Korean equities continued their rebound despite lingering political uncertainty. In Japan, producer-price inflation accelerated, adding pressure for policy normalization, while traders reduced bets on a near-term rate hike. Meanwhile, weak commodity prices and unrest in Mozambique have weighed on Australian mining stocks, while overall risk aversion has dampened sentiment across the region.

  • Japanese benchmarks are slightly lower, with the Nikkei underperforming, last down 0.65%, while the TOPIX is 0.25% lower. South Korea's KOSPI is trading 0.65% higher, gains are being driven by smaller-cap stocks with the likes of Samsung & SK Hynix down 0.5%, while foreign investors have been better sellers of Transports, Chemical & Machinery names.
  • China & Hong Kong equities are trading slightly higher with small-caps outperforming the wider markets. The HSI is 0.20% higher, the CSI 300 trades just 0.10%, while the CSI 1000 is up 1.25%.
  • Australian shares fell to a near three-week low as mining stocks struggle following unrest in Mozambique, the ASX200 is 0.40% lower. New Zealands NZX 50 is 0.10% higher.
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Asian markets are trading cautiously ahead of key US inflation data, which could influence the Fed's interest rate decision. China's Central Economic Work Conference has fueled optimism with signals of fiscal and monetary stimulus, though skepticism lingers due to past unmet policy promises. South Korean equities continued their rebound despite lingering political uncertainty. In Japan, producer-price inflation accelerated, adding pressure for policy normalization, while traders reduced bets on a near-term rate hike. Meanwhile, weak commodity prices and unrest in Mozambique have weighed on Australian mining stocks, while overall risk aversion has dampened sentiment across the region.

  • Japanese benchmarks are slightly lower, with the Nikkei underperforming, last down 0.65%, while the TOPIX is 0.25% lower. South Korea's KOSPI is trading 0.65% higher, gains are being driven by smaller-cap stocks with the likes of Samsung & SK Hynix down 0.5%, while foreign investors have been better sellers of Transports, Chemical & Machinery names.
  • China & Hong Kong equities are trading slightly higher with small-caps outperforming the wider markets. The HSI is 0.20% higher, the CSI 300 trades just 0.10%, while the CSI 1000 is up 1.25%.
  • Australian shares fell to a near three-week low as mining stocks struggle following unrest in Mozambique, the ASX200 is 0.40% lower. New Zealands NZX 50 is 0.10% higher.