MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Asian Equities Ride The Tech Wave Higher

ASIA STOCKS

Regional Asian Equities are higher today, tech has been the main driver of the move, otherwise a quiet day for markets.

  • Japan equities are closed today for Emperors Day.
  • Taiwan Equities saw $413m of foreign equity inflows on Thursday, almost erasing all outflows from the day prior as investors took profit ahead of Nvidia earnings. TMSC again leads the market higher up 0.87%, as the Taiex makes new all time highs to trade up 0.48% today.
  • South Korean equities are also higher today and set for a fifth week of gains, as optimism over the "Corporate Value-up Programme" has driven markets higher, while the recent surge in global tech prices linked to AI names has also give the market a boost. There is however some concern that investors will start to take profit, with momentum in equity flows slowing as the 5-day average now sits at $190m, well below the 20-day average of $296m. The Kospi trade up 0.25% today.
  • Australian Equities are higher today, the tech sector is trading well although it contributes little to the overall market the largest gainer was Block Inc, up 16.50%. Financials are contributing the most to the market led by CBA, while the ASX200 is 0.39% higher.
  • Elsewhere in SEA, New Zealand Equities closed up 0.25%, Indonesia saw net selling by foreigners on Thursday contributing to their equity trading lower today, down 0.88%, Philippines equities are up 1.10%
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.