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Regional Markets Higher, Led By South Korea

EQUITIES

Regional equities are higher across the board. South Korean markets are the standout performers (Kospi +2.5%). These moves follow positive sentiment in Tuesday US and EU trade. US futures sit slightly higher in latest dealings, with the Nasdaq slightly outperforming (+0.17%), while Eminis were only marginally higher, last near 4394.

  • In the cross asset space, the US Tsy curve has flattened, while USD FX indices are close to steady.
  • The Kospi has benefited from a Samsung earnings beat. The Kospi is up over 2.5% at this stage, the Kosdaq, +3%. Offshore investors have added +$152.3mn to local shares so far today.
  • The Taiex is also tracking higher in Taiwan, up 0.85%. TSMC may reportedly see stronger AI-related demand next year per EDN (see this BBG link).
  • The Hang Seng is +1.44% at the break. We had a strong rally in the Golden Dragon index during US trade on Tuesday. Renewed China stimulus hopes is aiding sentiment. For mainland China shares, the CSI 300 is +0.38% higher at the break.
  • Japan stocks are higher, but the Topix is around +0.10% firmer, so lagging some of the gains seen elsewhere in North East Asian markets.
  • The ASX 200 is +0.60% higher in Australia, while in SEA, only the Singapore bourse is tracking lower at this stage.
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EM BulletFixed Income BulletsHomepageEquitiesBulletMarketsEmerging Market NewsForeign Exchange BulletsAT&T Market NewsBank of America Market News

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