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ASIA STOCKS: Tech Outperforms, Japan Markets Down After Break

ASIA STOCKS
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Asian stock trends are mixed in the first part of Monday trade. Japan markets have returned after a 3 day break and are tracking lower. The major indices off over 1% at this stage. Electronics are autos are underperforming post the break. The positives have been in tech focused plays, with South Korea and Taiwan outperforming. 

  • China and Hong Kong markets have been mixed, but sit weaker at the break, albeit only modestly. The better than expected Caixin services PMI print did little to lift sentiment. Markets are waiting fresh stimulus details, with the PBoC stating it will cut the RRR and interest rates at an appropriate time.
  • The CSI 300 is sub 3800, the HSI still under 20000.
  • The Taiex is up 2.65% to 23500 in Taiwan, while the Kospi is up over 1.5%. In US trade on Friday the SOX surged over 3%. Positive investment commitments from Microsoft is aiding sentiment in the tech related space.
  • Other markets are showing more mixed trends, but aggregate moves remain modest. 
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Asian stock trends are mixed in the first part of Monday trade. Japan markets have returned after a 3 day break and are tracking lower. The major indices off over 1% at this stage. Electronics are autos are underperforming post the break. The positives have been in tech focused plays, with South Korea and Taiwan outperforming. 

  • China and Hong Kong markets have been mixed, but sit weaker at the break, albeit only modestly. The better than expected Caixin services PMI print did little to lift sentiment. Markets are waiting fresh stimulus details, with the PBoC stating it will cut the RRR and interest rates at an appropriate time.
  • The CSI 300 is sub 3800, the HSI still under 20000.
  • The Taiex is up 2.65% to 23500 in Taiwan, while the Kospi is up over 1.5%. In US trade on Friday the SOX surged over 3%. Positive investment commitments from Microsoft is aiding sentiment in the tech related space.
  • Other markets are showing more mixed trends, but aggregate moves remain modest.