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EQUITIES: Asian Equities Mixed, As China Equities Struggle

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Asian markets experienced mixed trading on Wednesday, with Chinese equities leading losses as weak economic data and limited stimulus from Beijing weighed on sentiment. The CSI 300 Index dropped as much as 7.4%, its biggest fall since 2020, as concerns grew about the sustainability of China's recent market rally. In contrast, Japanese stocks rose, with the Nikkei 225 gaining 0.9%, led by technology and growth shares following a rebound in US equities. Meanwhile, New Zealand's /NZX 50 rose 1.5% after the central bank's 50bps rate cut, and Australia's S&P/ASX 200 gained 0.6%, lifted by banks and consumer discretionary stocks. However, Australian iron ore miners fell amid China's lack of new stimulus measures.

  • It's a sea of red in China today as investors dump stocks following a lack of further stimulus measures. China onshore real estate names have been the worst hit, the CSI 300 Real Estate Index is down 9.60%, while Tech stocks are have been the top performing with teh CSI 300 Tech Index flat for the day. However there has been a late bounce in China equities following these headlines " *CHINA MINISTRY OF FINANCE TO BRIEF ON FISCAL POLICY SATURDAY" - BBG.
  • South Korea has been out today, while Taiwan's TAIEX is trading 0.85% higher with TSMC up 2.50% largely benefitting from the rally in tech stocks during the US session overnight.
  • Japanese equities are higher today, with the Nikkei outperforming and trading 0.75% higher although the market remains rangebound that with further upside limited unless we see further weakness in the Yen. The Topix is 0.15% higher.
  • New Zealand equities have rallied following the 50bps rate cut, with the market pricing in another 50bps cut at the next meeting, the NZX50 closed +1.75%, while Australia's ASX200 closed up 0.13%. 
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Asian markets experienced mixed trading on Wednesday, with Chinese equities leading losses as weak economic data and limited stimulus from Beijing weighed on sentiment. The CSI 300 Index dropped as much as 7.4%, its biggest fall since 2020, as concerns grew about the sustainability of China's recent market rally. In contrast, Japanese stocks rose, with the Nikkei 225 gaining 0.9%, led by technology and growth shares following a rebound in US equities. Meanwhile, New Zealand's /NZX 50 rose 1.5% after the central bank's 50bps rate cut, and Australia's S&P/ASX 200 gained 0.6%, lifted by banks and consumer discretionary stocks. However, Australian iron ore miners fell amid China's lack of new stimulus measures.

  • It's a sea of red in China today as investors dump stocks following a lack of further stimulus measures. China onshore real estate names have been the worst hit, the CSI 300 Real Estate Index is down 9.60%, while Tech stocks are have been the top performing with teh CSI 300 Tech Index flat for the day. However there has been a late bounce in China equities following these headlines " *CHINA MINISTRY OF FINANCE TO BRIEF ON FISCAL POLICY SATURDAY" - BBG.
  • South Korea has been out today, while Taiwan's TAIEX is trading 0.85% higher with TSMC up 2.50% largely benefitting from the rally in tech stocks during the US session overnight.
  • Japanese equities are higher today, with the Nikkei outperforming and trading 0.75% higher although the market remains rangebound that with further upside limited unless we see further weakness in the Yen. The Topix is 0.15% higher.
  • New Zealand equities have rallied following the 50bps rate cut, with the market pricing in another 50bps cut at the next meeting, the NZX50 closed +1.75%, while Australia's ASX200 closed up 0.13%.