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ASIA STOCKS: Asian Equities Mostly Higher, Led By Tech Stocks

ASIA STOCKS
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Asian equities rose as risk sentiment improved, driven by US-Russia talks on Ukraine and renewed optimism for Chinese markets. Otherwise it has been a rather quiet session, with just Japanese PPI data, which came out stronger-than-expected at 4.2% vs 4.0% y/y

  • Japanese stocks gained, with the Topix up 0.9% and the Nikkei rising 1.10%, supported by a weaker yen, which bolstered export-related stocks like Toyota (+1.8%). Investors remain focused on BOJ policy normalization and rising wages, which support domestic growth.
  • Chinese and Hong Kong stocks advanced, supported by state backing for the property sector and momentum in AI stocks. Beijing is reportedly working on a 50b yuan funding plan for China Vanke, reinforcing government intervention to stabilize real estate. Markets shrugged off hotter-than-expected US CPI, focusing instead on long-term stimulus expectations. The HSI is trading 1.30% higher, with the HSTech Index up 1.95%, while the CSI 300 again lags, trading just 0.20% higher.
  • South Korea's KOSPI is 0.90% higher with SK Hynix jumping 2.50%, it now trades 17.30% higher ytd. Taiwan's TAIEX is flat. Australia ASX 200 is 0.15% higher, while New Zealand's NZX50 is -0.30%.
  • Regional markets traded cautiously ahead of key economic events. The Philippines’ central bank rate decision is in focus, while Indonesia, Thailand, and Malaysia are tracking global bond movements after US Treasury yields rose. Investors are also awaiting China’s money supply data, expected before February 15, for clues on liquidity conditions.

Despite hotter-than-expected US CPI, which led to a Treasury selloff and reduced expectations for Fed rate cuts, Asian markets looked past it. The broader market was further supported by oil price declines following US-Russia talks and stable Treasury yields.

 

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Asian equities rose as risk sentiment improved, driven by US-Russia talks on Ukraine and renewed optimism for Chinese markets. Otherwise it has been a rather quiet session, with just Japanese PPI data, which came out stronger-than-expected at 4.2% vs 4.0% y/y

  • Japanese stocks gained, with the Topix up 0.9% and the Nikkei rising 1.10%, supported by a weaker yen, which bolstered export-related stocks like Toyota (+1.8%). Investors remain focused on BOJ policy normalization and rising wages, which support domestic growth.
  • Chinese and Hong Kong stocks advanced, supported by state backing for the property sector and momentum in AI stocks. Beijing is reportedly working on a 50b yuan funding plan for China Vanke, reinforcing government intervention to stabilize real estate. Markets shrugged off hotter-than-expected US CPI, focusing instead on long-term stimulus expectations. The HSI is trading 1.30% higher, with the HSTech Index up 1.95%, while the CSI 300 again lags, trading just 0.20% higher.
  • South Korea's KOSPI is 0.90% higher with SK Hynix jumping 2.50%, it now trades 17.30% higher ytd. Taiwan's TAIEX is flat. Australia ASX 200 is 0.15% higher, while New Zealand's NZX50 is -0.30%.
  • Regional markets traded cautiously ahead of key economic events. The Philippines’ central bank rate decision is in focus, while Indonesia, Thailand, and Malaysia are tracking global bond movements after US Treasury yields rose. Investors are also awaiting China’s money supply data, expected before February 15, for clues on liquidity conditions.

Despite hotter-than-expected US CPI, which led to a Treasury selloff and reduced expectations for Fed rate cuts, Asian markets looked past it. The broader market was further supported by oil price declines following US-Russia talks and stable Treasury yields.