March 20, 2025 05:00 GMT
ASIA STOCKS: China Stocks Lag Whilst Region Bourses Strong Post Fed.
ASIA STOCKS
China’s bourses did their best to try to bring down the mood post Fed whilst regional bourses had a good day. In recent months, the Hang Seng has been buoyed by margin loans to buy shares seeing it rise 22% year to date. However, the regulator may be about to calm time on the activity, planning to cap market loans for IPOs specifically, requiring an initial deposit of 10% from retail investors.
In Taiwan, the high-profile supplier to Nvidia TSMC was up +3.00% today as reports suggest the company will spend an additional US$100bn to procure US-made chips and electronics over the coming years (source: BBG)
- In China the Hang Seng led the falls down by -1.18% following four successive days of solid gains. The CSI 300 followed its lead down -0.40% wiping out the last two days of gains. Shanghai Comp is barely holding on to +0.05% gains whilst Shenzhen is bucking the trend rising +0.21%
- The KOSPI has had a strong week delivering gains each day so far and is up again today by +0.42%.
- Following Tuesday’s disaster requiring a trading halt, the Jakarta Composite is up today by +0.82% to record two successive days of gains.
- In Malaysia the FTSE Bursa Malaysia is fallen again today by -0.35%.
- Other key movers in the region see the FTSE Straits Times of Singapore rising +0.56% for a fourth straight day of gains and the Philippines up +0.19%, following on from yesterday’s gain of +0.45%.
- India’s NIFTY 50 is opening up +0.30% in early trading and on track for a fourth successive day of gains, one of the strongest weeks of the year thus far.
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