MNI China Daily Summary: Thursday, November 21

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EQUITIES: Asian Equities Mostly Lower, As Tech Stocks Weigh On Market

EQUITIES
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Equity markets are trading mostly lower today, following on from Nvidia's revenue forecast, which fell short of the highest expectations, dampening sentiment in semiconductor and AI-related stocks. In Asia, Japanese chipmakers like Advantest and Hoya led declines, pulling the Topix down 0.3% and the Nikkei 225 by 0.8%. TSMC and SK Hynix also saw losses, reflecting concerns about the AI boom slowing. In Australia, Nvidia’s earnings report weighed on tech and consumer discretionary shares, though energy and financials offered some support. Traders are also cautious ahead of BOJ Governor Ueda’s remarks, which could provide insights into the central bank's policy direction. Meanwhile, geopolitical and legal developments, including the Adani bribery charges, are adding to market uncertainty.

  • Hong Kong & China equities are trading in narrow ranges today, although most major benchmarks are pointing to small losses so far. The HSI is -0.20%, while the CSI 300 is -0.15%.
  • Foreign investors have been slightly better sellers of Korean equities today, with a net outflow of $65m, most of that coming from the tech sector. The KOSPI is 0.15% higher, as Samsung trades up 0.75%, while the KOSDAQ trades 0.45% lower.
  • US equity futures are trading lower, with the Nasdaq leading losses, last down 0.45%.
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Equity markets are trading mostly lower today, following on from Nvidia's revenue forecast, which fell short of the highest expectations, dampening sentiment in semiconductor and AI-related stocks. In Asia, Japanese chipmakers like Advantest and Hoya led declines, pulling the Topix down 0.3% and the Nikkei 225 by 0.8%. TSMC and SK Hynix also saw losses, reflecting concerns about the AI boom slowing. In Australia, Nvidia’s earnings report weighed on tech and consumer discretionary shares, though energy and financials offered some support. Traders are also cautious ahead of BOJ Governor Ueda’s remarks, which could provide insights into the central bank's policy direction. Meanwhile, geopolitical and legal developments, including the Adani bribery charges, are adding to market uncertainty.

  • Hong Kong & China equities are trading in narrow ranges today, although most major benchmarks are pointing to small losses so far. The HSI is -0.20%, while the CSI 300 is -0.15%.
  • Foreign investors have been slightly better sellers of Korean equities today, with a net outflow of $65m, most of that coming from the tech sector. The KOSPI is 0.15% higher, as Samsung trades up 0.75%, while the KOSDAQ trades 0.45% lower.
  • US equity futures are trading lower, with the Nasdaq leading losses, last down 0.45%.