Asian Equities Ride The Tech Wave Higher

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%