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EQUITIES: APAC Equities Mixed, Japanese Equities Surge As Yen Hits New Lows

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Asian equities are mixed today with political developments in Japan, economic data from China, and global energy prices contributing to market moves. The yen weakened to a three-month low, hitting 153.87, after Japan's ruling coalition failed to secure a parliamentary majority, raising speculation about political uncertainty and the BoJ maintaining its ultra-low interest rates for longer, the weakness in the yen has seen Japanese equities surge today.

  • Despite the political turmoil in Japan, investors remain optimistic about Japan's outlook due to potential government spending, structural corporate reforms, and its key role in regional supply chains. Japanese exporters are the top performers today, with Tokyo Electron up 2.80%. The Nikkei is up 1.75%, while the TOPIX is 1.40% higher.
  • China and Hong Kong markets are mixed today, the Shanghai A Shares Index held up well despite a continued decline in industrial profits, as investors were optimistic that corporate earnings could exceed low expectations, over 300 Chinese firms are set to announce earnings this week. However, concerns lingered over the lack of specifics on China’s stimulus measures, with Vice Finance Minister Liao Min reiterating that the focus remains on meeting GDP growth targets. Investors are awaiting next week's NPC meeting for potential sentiment-boosting announcements. The HSI was last 0.10% lower, while CSI 300 was 0.35% lower.
  • Taiwan equities are lower today, with semiconductor prices lower. TSMC down 0.95% & Hon Hai down 0.70% have contributed the most to the losses in the TAIEX which was last 0.60% lower. South Korean equities are higher after Samsung surged 3.60%, the KOSPI is 1.10%, while the KOSDAQ has jumped 1.75%.
  • Crude oil prices plunged by more than 5% after Israeli strikes on Iran avoided key oil facilities, easing concerns about supply disruptions. Energy shares across APAC has dropped today.
  • Australia's ASX 200 is little changed today, gains in metals & miners have been offset by losses in financials. New Zealand is out today.
  • US equity futures rose as investors brace for a key week of economic data, including growth reports from the US, Eurozone, and China, as well as the US payrolls report. 
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Asian equities are mixed today with political developments in Japan, economic data from China, and global energy prices contributing to market moves. The yen weakened to a three-month low, hitting 153.87, after Japan's ruling coalition failed to secure a parliamentary majority, raising speculation about political uncertainty and the BoJ maintaining its ultra-low interest rates for longer, the weakness in the yen has seen Japanese equities surge today.

  • Despite the political turmoil in Japan, investors remain optimistic about Japan's outlook due to potential government spending, structural corporate reforms, and its key role in regional supply chains. Japanese exporters are the top performers today, with Tokyo Electron up 2.80%. The Nikkei is up 1.75%, while the TOPIX is 1.40% higher.
  • China and Hong Kong markets are mixed today, the Shanghai A Shares Index held up well despite a continued decline in industrial profits, as investors were optimistic that corporate earnings could exceed low expectations, over 300 Chinese firms are set to announce earnings this week. However, concerns lingered over the lack of specifics on China’s stimulus measures, with Vice Finance Minister Liao Min reiterating that the focus remains on meeting GDP growth targets. Investors are awaiting next week's NPC meeting for potential sentiment-boosting announcements. The HSI was last 0.10% lower, while CSI 300 was 0.35% lower.
  • Taiwan equities are lower today, with semiconductor prices lower. TSMC down 0.95% & Hon Hai down 0.70% have contributed the most to the losses in the TAIEX which was last 0.60% lower. South Korean equities are higher after Samsung surged 3.60%, the KOSPI is 1.10%, while the KOSDAQ has jumped 1.75%.
  • Crude oil prices plunged by more than 5% after Israeli strikes on Iran avoided key oil facilities, easing concerns about supply disruptions. Energy shares across APAC has dropped today.
  • Australia's ASX 200 is little changed today, gains in metals & miners have been offset by losses in financials. New Zealand is out today.
  • US equity futures rose as investors brace for a key week of economic data, including growth reports from the US, Eurozone, and China, as well as the US payrolls report.