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Asian Equities Off Earlier Lows, ASX Hits Record Highs, Japan Out

ASIA STOCKS
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Asian equity markets are mixed today as markets digests the attempted assassination of Trump and US rate cut expectations grow with the market now pricing a 91% chance of a cut in September. Australian equities have hit their highest ever level, while Taiwan & South Korean equities are both lower as investors look to book some profits after a stellar run of late, foreign investors have been better sellers of local tech stocks over the past few sessions.

  • Japan is out today for Marine Day, Japanese equity futures are 0.20-0.30% higher today after falling 1-3% on Friday.
  • South Korean stocks are lower today as foreign investors sell tech stocks, while local investors purchase tech. Elsewhere Money supply jumped 0.50% in May from -0.3% prior. The Kospi is 0.06% lower, while the Kosdaq is little changed.
  • Taiwanese stocks opened higher this morning with moves from TSMC dictating index moves. TSMC will released earnings later this week, with analysts expecting a 30% jump in profit. Equity flows saw the largest outflow in two weeks on Friday, as foreign investors took profit on tech stocks. Currently the Taiex is down 0.20%
  • Australian equities are higher today with the ASX200 breaking 8,000 for the first time and trades up 0.63% today.
  • Elsewhere, New Zealand equities are 0.10% higher, Malaysian equities are 0.40% higher, Philippines equities are 1% higher, Indian equities are 0.30% Singapore equities are little changed while Indonesian equities are 0.60% lower.
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Asian equity markets are mixed today as markets digests the attempted assassination of Trump and US rate cut expectations grow with the market now pricing a 91% chance of a cut in September. Australian equities have hit their highest ever level, while Taiwan & South Korean equities are both lower as investors look to book some profits after a stellar run of late, foreign investors have been better sellers of local tech stocks over the past few sessions.

  • Japan is out today for Marine Day, Japanese equity futures are 0.20-0.30% higher today after falling 1-3% on Friday.
  • South Korean stocks are lower today as foreign investors sell tech stocks, while local investors purchase tech. Elsewhere Money supply jumped 0.50% in May from -0.3% prior. The Kospi is 0.06% lower, while the Kosdaq is little changed.
  • Taiwanese stocks opened higher this morning with moves from TSMC dictating index moves. TSMC will released earnings later this week, with analysts expecting a 30% jump in profit. Equity flows saw the largest outflow in two weeks on Friday, as foreign investors took profit on tech stocks. Currently the Taiex is down 0.20%
  • Australian equities are higher today with the ASX200 breaking 8,000 for the first time and trades up 0.63% today.
  • Elsewhere, New Zealand equities are 0.10% higher, Malaysian equities are 0.40% higher, Philippines equities are 1% higher, Indian equities are 0.30% Singapore equities are little changed while Indonesian equities are 0.60% lower.