Asian equities showed mixed trends on Thursday as investors approached the session cautiously ahead of China’s inflation data and Friday’s U.S. jobs report. Subdued trading on Wall Street and Nvidia Corp.’s decline following reports of U.S. export restrictions on AI chips contributed to the sentiment.
Key Indices Performance:
| Index | Price | Change (Pts) | % Change |
|---|---|---|---|
| Shanghai Composite | 3,222.75 | -7.42 | -0.23% |
| Nikkei 225 | 39,678.93 | -302.13 | -0.76% |
| Hang Seng Index (HSI) | 19,326.50 | +46.66 | +0.24% |
| Shenzhen Component | 9,987.55 | +42.91 | +0.43% |
| KOSPI | 2,529.12 | +8.07 | +0.32% |
| ASX 200 | 8,311.10 | -38.00 | -0.46% |
| Nifty 50 | 23,688.95 | – | – |
| STI (Singapore) | 3,872.71 | -14.27 | -0.37% |
| NZX 50 (New Zealand) | 12,978.66 | -64.45 | -0.49% |
| SETI (Thailand) | 1,387.72 | Unchanged | Unchanged |
| Malaysia (KLSE) | 1,607.95 | -6.88 | -0.43% |
| Taiwan Weighted Index | 23,370.40 | -36.93 | -0.16% |
Highlights:
- Decliners: Tokyo’s Nikkei (-0.76%) and Sydney’s ASX 200 (-0.46%) led the losses, influenced by broader global uncertainties.
- Gainers: Hong Kong’s Hang Seng (+0.24%) and China’s Shenzhen (+0.43%) indices showed resilience amid optimism over China’s upcoming inflation data.
- Mixed Performance: Singapore’s STI (-0.37%) and South Korea’s KOSPI (+0.32%) reflected regional divergences.
Market Context:
- Wall Street Influence: U.S. equity markets remained range-bound with the S&P 500 recovering the 5,900 psychological mark after briefly dipping below it.
- Nvidia’s Impact: Reports of U.S. restrictions on AI chip exports weighed on tech sentiment.
- Global Movements: The dollar gained strength, and U.S. Treasuries stabilized after a strong $22 billion bond sale.
- China’s Focus: Investors await inflation data from China, with expectations of weaker headline CPI and subdued factory-gate prices signaling the need for further stimulus.
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