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EQUITIES: Asian Equities Mixed Following Hawkish Fed

EQUITIES
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  • Asian markets are trading mixed today amid cautious sentiment following the Fed’s hawkish stance and persistent dollar strength. South Korea's Kospi fell as much as 1.3%, weighed down by foreign outflows driven by the KRW weakness, which is at its lowest in 15 years, and US political risks. The small-cap Kosdaq also slipped, reaching its lowest since December 11. In Japan, equities rose slightly with the Nikkei +0.10% and the TOPIX +0.15%, supported by the yen’s depreciation after the BoJ left rates unchanged, benefiting exporters like automakers and steelmakers.
  • Meanwhile, Australian shares extended losses, down 1%, adding to Thursday’s $50 billion wipeout, putting the ASX on track for its worst month since 2022. Hong Kong equity futures are down, while Indonesia and Malaysia await key inflation data. The cautious tone across the region reflects investor concerns over resilient US economic data, which weakened the case for imminent rate cuts, and lingering uncertainties in global markets.
 
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  • Asian markets are trading mixed today amid cautious sentiment following the Fed’s hawkish stance and persistent dollar strength. South Korea's Kospi fell as much as 1.3%, weighed down by foreign outflows driven by the KRW weakness, which is at its lowest in 15 years, and US political risks. The small-cap Kosdaq also slipped, reaching its lowest since December 11. In Japan, equities rose slightly with the Nikkei +0.10% and the TOPIX +0.15%, supported by the yen’s depreciation after the BoJ left rates unchanged, benefiting exporters like automakers and steelmakers.
  • Meanwhile, Australian shares extended losses, down 1%, adding to Thursday’s $50 billion wipeout, putting the ASX on track for its worst month since 2022. Hong Kong equity futures are down, while Indonesia and Malaysia await key inflation data. The cautious tone across the region reflects investor concerns over resilient US economic data, which weakened the case for imminent rate cuts, and lingering uncertainties in global markets.