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<Asia> Asia-Pacific Markets Mostly Lower; Taiwan, Singapore Semiconductor Shares Jump; Indonesia Down 3%
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Asia-Pacific markets were mostly lower. Semiconductor shares in Taiwan and Singapore surged, while South Korean equities retreated. Indonesias stock market fell 3%, underperforming regional peers. The Peoples Bank of China conducted a seven-day reverse repo operation in the open market, resulting in a single-day net injection of RMB4.5 billion. Mainland Chinas Shanghai and Shenzhen markets opened lower and extended losses. The Shanghai Composite Index closed the morning at 4,069, down 23 points or 0.6%, while the Shenzhen Component Index stood at 14,837, down 205 points or 1.4%. Hong Kongs HSI was at 25,862 at midday, down 52 points or 0.2%, with turnover of HKD126.1 billion. Taiwans Weighted Index rose 990 points or 2.6% to 38,704. Benefiting from regulators relaxation of limits on single-stock holdings by active ETFs, TSMC gained 4.6%. MediaTek surged 9.9%, Delta Electronics and ASE Technology advanced 3.8% and 6.6%, respectively, while Hon Hai Precision fell 1.3%. Japans Nikkei 225 rose 336 points or 0.6% to 59,476. SoftBank gained 1.2%, while Advantest and Lasertec climbed 2.8% and 4.3%, respectively. PCB maker Ibiden surged 11.5%. South Koreas KOSPI fell 31 points or 0.5% to 6,443. Samsung Electronics and SK Hynix declined 3.2% and 2.1%, respectively, while Hyundai Motor retreated 4.1% and Kia fell 3%. Indias Nifty 50 dropped 173 points or 0.7% to 24,000. IT services stocks tracked declines in overseas software shares, with Infosys and HCL Technologies sliding 4.2%, while Tech Mahindra and Tata Consultancy Services fell 2.8% and 2.4%, respectively. Australias S&P/ASX 200 Index fell 37 points or 0.4% to 8,756. National Australia Bank slipped more than 1%, and mining stock Rio Tinto lost 0.9%. New Zealands NZX 50 Index edged down 25 points or 0.2% to 12,859. Singapores Straits Times Index fell 31 points or 0.7% to 4,912. Chip testing firm AEM and precision components maker UMS jumped 18% and 11%, respectively, while Singapore Telecommunications and United Overseas Bank each declined 2.8%. Among other Southeast Asian markets, Indonesia dropped 3% after plans to remove highly concentrated stocks from index constituents. Malaysia rose less than 0.1%, Thailand fell 1%, the Philippines declined 0.2%, and Vietnams Hanoi and Ho Chi Minh markets fell 0.6% and 0.4%, respectively. (fc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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