Regional Asian Equities Edge Higher On Strong Tech Earnings

Regional Asian equities were higher slightly higher today, with the MSCI Asia Pacific Index climbing 0.50% and reaching the highest levels since 2022, as tech earnings and gains in the US equity market on Tuesday support the local markets. Japan's Nikkei 225 was up 0.13%, while Topix is up 0.09%, data has been light out of the region today, with eyes turning to GDP due out on Thursday. South Korea was out today for Buddha Birthday, with the local market waiting for Employment data due out on Friday. Taiwan equities have been well supported by higher global semiconductor prices which were driven by the US imposing further tariffs on Chinese semiconductor imports, the Taiex is up 0.80%. Australian equities are higher today, financials were lower, but were more than offset by gains in metals and mining with the ASX200 trading up 0.45%. Elsewhere, New Zealand equities continue their move lower finishing the session down 0.79%, while foreign investors continue selling Indonesian equities now marking 26 of the past 28 days of selling although the market has held up rather well signally demand from local investors remains strong, the JCI is up 1.15%