-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
Equities Higher As AI Stocks Continue Rally
Asian equities continued their upward momentum for a second day, buoyed by Wall Street's record close and strong performance in chip and AI-related shares. The MSCI Asia Pacific Index advanced about 1%, with notable gains in technology stocks. The Kospi index hit its highest level since January 2022, driven by Nvidia's historic milestone. Taiwan and Japan also saw significant gains. Earlier, Japan trade deficit widened as exports increased on the lower yen.
- Japanese equities opened higher, buoyed by gains in export-related stocks such as automobile and electrical machinery companies. Earlier, Japan Trade Balance was -¥1221.3b vs -¥1280.5b est, with the deficit widening from -¥465.6b in April, with exports rising to 13.5% from 8.3%. The Nikkei 225 rose 0.24% while the Topix Index increased by 0.44%, driven by expectations of US interest rate cuts. Toyota Motor Corp. contributed significantly to the gains. Semiconductor-related stocks also advanced following Nvidia's performance in the US market.
- South Korean stocks opened higher with tech stocks leading the gains, Samsung Electronics up 1.6% and SK Hynix climbing 1.3%, following Nvidia's surge. Auto stocks like Hyundai Motor also performed well. However, some transport and energy stocks, such as Korean Air and Korea Gas saw declines. Foreign investors have been buyers of local stocks so far this morning, with majority of the flows heading into tech names. The Kospi is 0.96% higher, while the Kosdaq is unchanged.
- Taiwan equities are higher today, there has been very little in the way of local headlines. The market is being led higher by semiconductor stocks, TSMC in particular which is up 1.91%. The Taiex is up 0.166%.
- Australian equities are lower today, with financial stocks leading the decline. Commonwealth Bank of Australia and Helia Group Ltd. contributed significantly to the losses. Headlines have been limited in the region today while the data calendar is empty for the remainder of the week. The ASX200 is down 0.22%
- Elsewhere, New Zealand equities are 0.66% lower, Philippines equities are 0.05% higher, Singapore equities are up 0.40%, Indonesia returned from a holiday with the JCI up 0.60%, Indian equities are little changed, while Malaysian equities are 0.20% lower.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.