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ASIA STOCKS: Asian Equities Mixed, HK Tech Surges

ASIA STOCKS
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Asian markets are mixed today, with a slight uptick in the MSCI Asia Pacific Index following a previous session's decline driven by geopolitical tensions. Hong Kong emerged as a standout, with its Hang Seng Index surging 2.6%, fueled by a rebound in technology stocks like Alibaba, Tencent, and Meituan. This recovery came after a selloff triggered by Trump’s moves to further decouple the U.S. and Chinese economies, including new trade barriers and potential tariffs on copper. The optimism was bolstered by developments from Chinese AI startup DeepSeek, which reopened its core programming interface and hinted at an accelerated release of a new AI model, enhancing confidence in China’s tech self-sufficiency amid external pressures.
 
  • Japan’s markets weakened, with the Nikkei and Topix indices each dropping 1%, dragged down by declines in major firms like Tokyo Electron and Mitsubishi UFJ Financial. This followed US economic data showing a sharp drop in consumer confidence, raising concerns about the global economic outlook, alongside a stronger yen tied to expectations of continued Bank of Japan rate hikes. 
  • South Korea’s KOSPI trading near flat, weighed by growth concerns despite gains in some sectors, while Taiwan’s Taiex edged up 0.2%. Australia’s S&P/ASX 200 fell 0.4%
  • Sector-specific movements included gains in Chinese robotics stocks after Unitree’s showcase of its upgraded G1 robot, alongside rises in Hong Kong real estate and consumption stocks ahead of an annual budget announcement. Chinese telecom shares also advanced following calls from Premier Li Qiang for faster innovation. 
  • Japanese real estate and home construction stocks rose on hopes of US Fed rate cuts boosting housing demand. 
  • Overall, sentiment remained cautious as investors awaited key events like Nvidia’s earnings and further clarity on US trade policies
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Asian markets are mixed today, with a slight uptick in the MSCI Asia Pacific Index following a previous session's decline driven by geopolitical tensions. Hong Kong emerged as a standout, with its Hang Seng Index surging 2.6%, fueled by a rebound in technology stocks like Alibaba, Tencent, and Meituan. This recovery came after a selloff triggered by Trump’s moves to further decouple the U.S. and Chinese economies, including new trade barriers and potential tariffs on copper. The optimism was bolstered by developments from Chinese AI startup DeepSeek, which reopened its core programming interface and hinted at an accelerated release of a new AI model, enhancing confidence in China’s tech self-sufficiency amid external pressures.
 
  • Japan’s markets weakened, with the Nikkei and Topix indices each dropping 1%, dragged down by declines in major firms like Tokyo Electron and Mitsubishi UFJ Financial. This followed US economic data showing a sharp drop in consumer confidence, raising concerns about the global economic outlook, alongside a stronger yen tied to expectations of continued Bank of Japan rate hikes. 
  • South Korea’s KOSPI trading near flat, weighed by growth concerns despite gains in some sectors, while Taiwan’s Taiex edged up 0.2%. Australia’s S&P/ASX 200 fell 0.4%
  • Sector-specific movements included gains in Chinese robotics stocks after Unitree’s showcase of its upgraded G1 robot, alongside rises in Hong Kong real estate and consumption stocks ahead of an annual budget announcement. Chinese telecom shares also advanced following calls from Premier Li Qiang for faster innovation. 
  • Japanese real estate and home construction stocks rose on hopes of US Fed rate cuts boosting housing demand. 
  • Overall, sentiment remained cautious as investors awaited key events like Nvidia’s earnings and further clarity on US trade policies