[MARKET ANALYSIS] Asia-Pac stocks are mixed as the region digests recent key events including the FOMC and several big tech earnings
ORIGINAL · Newsquawk[MARKET ANALYSIS] Asia-Pac stocks are mixed as the region digests recent key events including the FOMC and several big tech earningsRead originalHide original
APAC Stocks: Mixed Asia-Pac stocks are ultimately mixed as the region reflects on recent key events, including the FOMC rate decision and several big tech earnings. ASX 200: +0.4% Index is kept afloat as strength in real estate, energy, financials and utilities atone for the losses in the tech, consumer and mining sectors, but with gains capped amid a lack of fresh pertinent drivers. Nikkei 225: +0.2% Initially outperformed but has since pared the majority of its gains amid some cautiousness as the BoJ kick-starts its 2-day policy meeting. KOSPI -2.5% Underperforms with index heavyweight Samsung Electronics pressured following its earnings results, in which it reported Q3 net rose by more than 500% Y/Y to KRW 75.2tln, but failed to meet the lofty expectations. Hang Seng & Shanghai Comp: Hang Seng +0.2% / Shanghai Comp -0.8% Chinese markets are mixed as participants digest a deluge of earnings releases, and despite another firm liquidity effort by the PBoC, which continued with its CNY 1tln-plus open market operations. US Equity Futures: Mixed Mixed price action was seen with Emini Nasdaq 100 the laggard following the mixed big tech earnings results, with Alphabet shares slumping by as much as double-digit percentages after it missed on top and bottom lines. European Equity Futures -0.1% Indicate a marginally lower cash market open with Euro Stoxx 50 futures down 0.1% after the cash market closed with gains of 0.1% on Wednesday.
Asia-Pacific indices were mixed on October 29, with reported weakness in South Korea following Samsung earnings and mixed U.S. futures after major technology results.
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APAC Stocks: Mixed Asia-Pac stocks are ultimately mixed as the region reflects on recent key events, including the FOMC rate decision and several big tech earnings. ASX 200: +0.4% Index is kept afloat as strength in real estate, energy, financials and utilities atone for the losses in the tech, consumer and mining sectors, but with gains capped amid a lack of fresh pertinent drivers. Nikkei 225: +0.2% Initially outperformed but has since pared the majority of its gains amid some cautiousness as the BoJ kick-starts its 2-day policy meeting. KOSPI -2.5% Underperforms with index heavyweight Samsung Electronics pressured following its earnings results, in which it reported Q3 net rose by more than 500% Y/Y to KRW 75.2tln, but failed to meet the lofty expectations. Hang Seng & Shanghai Comp: Hang Seng +0.2% / Shanghai Comp -0.8% Chinese markets are mixed as participants digest a deluge of earnings releases, and despite another firm liquidity effort by the PBoC, which continued with its CNY 1tln-plus open market operations. US Equity Futures: Mixed Mixed price action was seen with Emini Nasdaq 100 the laggard following the mixed big tech earnings results, with Alphabet shares slumping by as much as double-digit percentages after it missed on top and bottom lines. European Equity Futures -0.1% Indicate a marginally lower cash market open with Euro Stoxx 50 futures down 0.1% after the cash market closed with gains of 0.1% on Wednesday.
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