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EQUITIES: Asian Equities Mixed To Kick The Year, Japan Remains Out

EQUITIES
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  • Asian equities have opened 2025 on a mixed note, The MSCI Asia Pacific Index edged lower as Hong Kong and China stocks declined, Australia's ASX is the top performer in the region while Japan and New Zealand markets remain closed for holidays. South Korea's equities are are fluctuating amid political turmoil tied to the impeachment trial of President Yoon Suk Yeol, with losses in chipmakers and bio shares outweighing gains in automotive and financials.
  • In China, equities struggled despite expectations of 5% GDP growth for 2024 and continued liquidity support from the central bank. The CSI 300 is 0.85% lower, while in Hong Kong the HSI is down 1.60%, with banking stocks the worst performing, the Mainland Banking Index is down 3%, while The HS Tech Index is down 1.50%.
  • Across the region the yen weakened, trading around 157 per dollar, while the Bloomberg Dollar Spot Index remains strong after its stellar 2024. Oil prices edged higher as U.S. crude inventories shrank, while Russian gas flows to Europe were halted. Meanwhile, Singapore and Australia reported resilient economic data, with Singapore's GDP growth beating forecasts at 4%.
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  • Asian equities have opened 2025 on a mixed note, The MSCI Asia Pacific Index edged lower as Hong Kong and China stocks declined, Australia's ASX is the top performer in the region while Japan and New Zealand markets remain closed for holidays. South Korea's equities are are fluctuating amid political turmoil tied to the impeachment trial of President Yoon Suk Yeol, with losses in chipmakers and bio shares outweighing gains in automotive and financials.
  • In China, equities struggled despite expectations of 5% GDP growth for 2024 and continued liquidity support from the central bank. The CSI 300 is 0.85% lower, while in Hong Kong the HSI is down 1.60%, with banking stocks the worst performing, the Mainland Banking Index is down 3%, while The HS Tech Index is down 1.50%.
  • Across the region the yen weakened, trading around 157 per dollar, while the Bloomberg Dollar Spot Index remains strong after its stellar 2024. Oil prices edged higher as U.S. crude inventories shrank, while Russian gas flows to Europe were halted. Meanwhile, Singapore and Australia reported resilient economic data, with Singapore's GDP growth beating forecasts at 4%.