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Asian Equities Track US Equities Higher

ASIA STOCKS
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Asian markets are higher today, boosted by China property market and US equities climbing to fresh highs on Friday thanks to strong earnings. It has been a relatively quiet session, very little in the way of economic data.

  • Japan equities are higher today, materials stocks are higher as copper and oil continue to rise. Semiconductor names are slightly lower after the Philadelphia SE Semiconductor Index fell on Friday ahead of Nvidia earnings due out later this week. The Nikkei 225 is up 1.30% and is closing back in on the 40,000 mark, while the Topix is up 1.05%.
  • South Korean equities are higher today as the Kospi edges closer to the year-to-date highs up 0.70%, Samsung and SK Hynix hare the top performers, small caps are underperforming today with the Kosdaq down 0.95%
  • Taiwan equities are little changed today, TSMC is the biggest drag on the index after the Philadelphia SE Semiconductor Index traded lower on Friday. We have Export orders due out a bit later today and Industrial Production on Thursday.
  • Australian equities are higher today led by mining and energy stocks, the moves are largely tracking US equities from Friday as well as China taking steps to support their local property market. The ASX200 is up 0.65%
  • Elsewhere in SEA, New Zealand equities are up 0.13%, Indonesian equities are up 0.44%, Philippines equities are up 1.13%, Malaysian equities are up 0.49%, Indian equities are up 0.12%.
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Asian markets are higher today, boosted by China property market and US equities climbing to fresh highs on Friday thanks to strong earnings. It has been a relatively quiet session, very little in the way of economic data.

  • Japan equities are higher today, materials stocks are higher as copper and oil continue to rise. Semiconductor names are slightly lower after the Philadelphia SE Semiconductor Index fell on Friday ahead of Nvidia earnings due out later this week. The Nikkei 225 is up 1.30% and is closing back in on the 40,000 mark, while the Topix is up 1.05%.
  • South Korean equities are higher today as the Kospi edges closer to the year-to-date highs up 0.70%, Samsung and SK Hynix hare the top performers, small caps are underperforming today with the Kosdaq down 0.95%
  • Taiwan equities are little changed today, TSMC is the biggest drag on the index after the Philadelphia SE Semiconductor Index traded lower on Friday. We have Export orders due out a bit later today and Industrial Production on Thursday.
  • Australian equities are higher today led by mining and energy stocks, the moves are largely tracking US equities from Friday as well as China taking steps to support their local property market. The ASX200 is up 0.65%
  • Elsewhere in SEA, New Zealand equities are up 0.13%, Indonesian equities are up 0.44%, Philippines equities are up 1.13%, Malaysian equities are up 0.49%, Indian equities are up 0.12%.