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ASIA STOCKS: Equities Mostly Higher, Further China Support, BoJ Tomorrow

ASIA STOCKS
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Asian stocks advanced for the fourth consecutive day, driven by gains in China as government measures to encourage long-term institutional investments supported sentiment. The MSCI Asia Pacific Index is 0.2% higher, marking its longest winning streak since December. Chinese equities outperformed, with the CSI 300 Index rising 0.6% and Hong Kong's Hang Seng China Enterprises Index gaining 0.5%. Easing US-China tensions and optimism around AI investments further lifted market sentiment.

  • Japan’s Topix and Nikkei indices rose 0.5% and 0.7%, respectively, with Mitsubishi Heavy Industries gaining on AI-related demand expectations.
  • In contrast, South Korea’s Kospi fell 0.6%, dragged by a 4.7% drop in SK Hynix due to underwhelming results, Australia’s ASX 200 Index also fell 0.6%, while New Zealand’s NZX 50 rose 0.2%.
  • There was very little to note from the Trump interview on Fox earlier today, the 2nd part of the interview will air tomorrow at the same time which is likely to be more focused on Foreign Policy.
  • US equity futures have trading in a narrow range during the Asian session today, giving back just a bit of the overnight gains. The NASDAQ is -0.20%, although was up 1.3% overnight, while S&P 500 Eminis are trading -0.10%.
  • Investors are closely monitoring China’s consumer sector ahead of the Lunar New Year and waiting for the Bank of Japan’s rate decision on Friday. Meanwhile, global markets remained calm, with the 10-year US Treasury yield and Bloomberg Dollar Index showing little movement.
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Asian stocks advanced for the fourth consecutive day, driven by gains in China as government measures to encourage long-term institutional investments supported sentiment. The MSCI Asia Pacific Index is 0.2% higher, marking its longest winning streak since December. Chinese equities outperformed, with the CSI 300 Index rising 0.6% and Hong Kong's Hang Seng China Enterprises Index gaining 0.5%. Easing US-China tensions and optimism around AI investments further lifted market sentiment.

  • Japan’s Topix and Nikkei indices rose 0.5% and 0.7%, respectively, with Mitsubishi Heavy Industries gaining on AI-related demand expectations.
  • In contrast, South Korea’s Kospi fell 0.6%, dragged by a 4.7% drop in SK Hynix due to underwhelming results, Australia’s ASX 200 Index also fell 0.6%, while New Zealand’s NZX 50 rose 0.2%.
  • There was very little to note from the Trump interview on Fox earlier today, the 2nd part of the interview will air tomorrow at the same time which is likely to be more focused on Foreign Policy.
  • US equity futures have trading in a narrow range during the Asian session today, giving back just a bit of the overnight gains. The NASDAQ is -0.20%, although was up 1.3% overnight, while S&P 500 Eminis are trading -0.10%.
  • Investors are closely monitoring China’s consumer sector ahead of the Lunar New Year and waiting for the Bank of Japan’s rate decision on Friday. Meanwhile, global markets remained calm, with the 10-year US Treasury yield and Bloomberg Dollar Index showing little movement.