MNI BRIEF: Still Room For BOC Action Even With Weaker CAD

MACKLEM: TARIFF SCENARIO SHOWS WHAT SOME WOULD CALL RECESSION

MACKLEM: WEAKER CAD HASN'T LIMITED BOC POLICY SO FAR

MNI INTERVIEW2: New NBH Chief Must Clarify Reaction Function

MNI BRIEF: U.S. Senate Confirms Bessent as Treasury Secretary

MNI NBH WATCH: Base Rate To Hold At 6.5% Despite Price Uptick

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR +3.46M TO 415.1M JAN 24 WK

MNI: US MBA: MARKET COMPOSITE -2.0% SA THRU JAN 24 WK

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ASIA STOCKS: Asian Equities Track US Markets Lower

ASIA STOCKS
EM BulletFixed Income BulletsBulletAPACEmerging Market NewsForeign Exchange BulletsMarkets

Asian markets have retreated so far today, as risk sentiment weakened ahead of the Fed's meeting next week. Japanese and Australian equities fell, and Hong Kong futures signaled further declines following Wall Street’s overnight losses. Chinese markets focused on the government’s pledge to increase fiscal borrowing in 2025 to support consumption, though the lack of detailed measures limited optimism. South Korean stocks were flat,  Meanwhile, the stronger USD and rising Treasury yields continued to weigh on Asian currencies, with concerns over limited room for further rate cuts in China adding to cautious sentiment.

  • Japanese equities are lower with the Nikkei 225 falling 0.7% and the Topix down 0.8%, as investors took profits following the index's climb past the 40,000 mark on Thursday. Weakness in U.S. markets weighed on electronics and precision equipment makers, while analysts noted that high valuations may temper further gains. Despite record share buybacks this year, investors are increasingly demanding more sustainable growth strategies, such as capital expenditure and M&A, to justify valuations.
  • South Korea equities are also slightly lower, with tech stocks dragging on the index, Samsung is trading 0.36% lower, while SK Hynix is down 1%, the KOSPI is 0.25% lower while small-cap stocks are trading higher with the KOSDAQ up 0.70%. Similar story in Taiwan with the TAIEX down 0.40%, flows in the region have been negative week on week.
  • Australian's ASX 200 has dropped 0.7%, led by declines in mining and financial stocks. Gold mining stocks also retreated as bullion prices slid 1.4% amid a selloff triggered by the economic uncertainty. Meanwhile, DigiCo Infrastructure REIT debuted on the Sydney exchange following Australia’s largest IPO in over six years, raising A$2b.
274 words

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.

Asian markets have retreated so far today, as risk sentiment weakened ahead of the Fed's meeting next week. Japanese and Australian equities fell, and Hong Kong futures signaled further declines following Wall Street’s overnight losses. Chinese markets focused on the government’s pledge to increase fiscal borrowing in 2025 to support consumption, though the lack of detailed measures limited optimism. South Korean stocks were flat,  Meanwhile, the stronger USD and rising Treasury yields continued to weigh on Asian currencies, with concerns over limited room for further rate cuts in China adding to cautious sentiment.

  • Japanese equities are lower with the Nikkei 225 falling 0.7% and the Topix down 0.8%, as investors took profits following the index's climb past the 40,000 mark on Thursday. Weakness in U.S. markets weighed on electronics and precision equipment makers, while analysts noted that high valuations may temper further gains. Despite record share buybacks this year, investors are increasingly demanding more sustainable growth strategies, such as capital expenditure and M&A, to justify valuations.
  • South Korea equities are also slightly lower, with tech stocks dragging on the index, Samsung is trading 0.36% lower, while SK Hynix is down 1%, the KOSPI is 0.25% lower while small-cap stocks are trading higher with the KOSDAQ up 0.70%. Similar story in Taiwan with the TAIEX down 0.40%, flows in the region have been negative week on week.
  • Australian's ASX 200 has dropped 0.7%, led by declines in mining and financial stocks. Gold mining stocks also retreated as bullion prices slid 1.4% amid a selloff triggered by the economic uncertainty. Meanwhile, DigiCo Infrastructure REIT debuted on the Sydney exchange following Australia’s largest IPO in over six years, raising A$2b.