Asia-Pac equity indices are mostly lower at typing, tracking a negative lead from Wall St. Semiconductor stocks across the region struggled, sliding after AMD reported disappointing preliminary financials after the bell, adding to bearish pressure as optimism re: a Fed pivot from earlier in the week has faded.
- The TAIEX (-1.2%) is accordingly one of the worst performers region-wide, dragged lower by the semiconductor sub-gauge (-2.3%), with index heavyweight TSMC (-2.6%) leading the way lower.
- The Hang Seng deals 1.1% softer at typing, with China-based tech (HSTECH: -2.7%) and property (Hang Seng Mainland Properties Index: -4.4%) contributing the most to losses.
- Chinese EV stocks were notable underperformers, with the likes of Li Auto (-16.0%) and XPeng (-7.1%) experiencing sharp declines amidst jitters over the outlook for EV sales.
- The ASX200 trades 0.5% lower at typing, with the benchmark still on track to close ~4.8% firmer on the week after its strong post-RBA rally.
- E-minis sit 0.1% softer apiece at writing, sticking to the bottom end of their respective ranges on Thursday, having struggled to make meaningful headway above neutral levels throughout Asia-Pac dealing.