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EQUITIES: Equities Lower As Market Remains Cautious Ahead Of US Jobs

EQUITIES
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Asian shares declined amid caution ahead of the US jobs report and a market holiday. Japanese and Australian stocks fell, while Chinese equities fluctuated after data highlighted worsening deflationary pressures, casting doubt on the effectiveness of Beijing's stimulus. Weak retail sales data in Australia pressured the AUD lower, fueling rate cut expectations, while strong wage growth in Japan supported the yen and raised speculation of a BOJ rate hike. Semiconductor stocks were flat despite news of potential US export restrictions on AI chips, with Nvidia dipping in after-hours trading. Investors remain focused on Friday’s US payrolls report, which could shape Federal Reserve policy expectations.

  • Foreign Investors have been better buyers of South Korea equities today, with a net inflow of $240m, with the majority of those flows heading into Tech stocks.
  • APAC markets: Japan's Nikkei is -1.40%, TOPIX -1.45%, Hong Kong's HSI +0.10%, China's CSI 300 is flat, Taiwan's TAIEX is -0.95%, South Korea's KOSPI is -0.10%, Australia's ASX200 -0.40% and New Zealand's NZX 50 is -0.75%
  • US Equities will be closed tonight to honor former US President Jimmy Carter, US equity futures are slightly lower today with S&P 500 Eminis and Nasdaq Eminis both -0.27%
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Asian shares declined amid caution ahead of the US jobs report and a market holiday. Japanese and Australian stocks fell, while Chinese equities fluctuated after data highlighted worsening deflationary pressures, casting doubt on the effectiveness of Beijing's stimulus. Weak retail sales data in Australia pressured the AUD lower, fueling rate cut expectations, while strong wage growth in Japan supported the yen and raised speculation of a BOJ rate hike. Semiconductor stocks were flat despite news of potential US export restrictions on AI chips, with Nvidia dipping in after-hours trading. Investors remain focused on Friday’s US payrolls report, which could shape Federal Reserve policy expectations.

  • Foreign Investors have been better buyers of South Korea equities today, with a net inflow of $240m, with the majority of those flows heading into Tech stocks.
  • APAC markets: Japan's Nikkei is -1.40%, TOPIX -1.45%, Hong Kong's HSI +0.10%, China's CSI 300 is flat, Taiwan's TAIEX is -0.95%, South Korea's KOSPI is -0.10%, Australia's ASX200 -0.40% and New Zealand's NZX 50 is -0.75%
  • US Equities will be closed tonight to honor former US President Jimmy Carter, US equity futures are slightly lower today with S&P 500 Eminis and Nasdaq Eminis both -0.27%