"Asian Stocks" Asia-Pacific stock markets generally weak, chip and related stocks continue to retreat
The market is awaiting Nvidia's earnings report and the U.S. September non-farm payroll data. The Asia-Pacific stock markets were generally soft this morning (19th), with chip and related stocks continuing to retreat, while Indian information services stocks were favored.
The People's Bank of China conducted a net injection of 115 billion yuan through a seven-day reverse repurchase operation. The Shanghai Composite Index closed at 3,938 points, down 1 point, while the Shenzhen Component Index closed at 13,038 points, down 42 points or 0.3%. The Hong Kong Hang Seng Index fell 117 points or 0.5% to 25,812 points, with a turnover of 112.6 billion yuan. The Taiwan Weighted Index dropped 137 points or 0.5% to 26,618 points. TSMC and MediaTek each fell 0.4%, while Quanta and Hon Hai fell 0.9% and 1.1%, respectively.
The Japanese Nikkei Index fell slightly by 10 points in the afternoon, currently at 48,692 points. Memory chip stock Kioxia rose 2.9%, SoftBank rose 0.4%, and Fast Retailing rose 1.7%. South Korea's Kospi Index fell 24 points or 0.6% to 3,929 points. Chip stocks Samsung Electronics and SK Hynix fell 1.7% and 1.9%, respectively, while Hyundai Heavy Industries fell 4.8%. India's Nifty 50 Index rose 28 points or 0.1% to 25,938 points. IT service provider Infosys rose 2.8%, while HCL Technologies and Tata Consultancy Services rose 2.1% and 1.5%, respectively.
Australia's S&P/ASX 200 Index fell 15 points or 0.2% to 8,453 points. Commonwealth Bank of Australia fell 1.4%, while gold mining stock Newmont rose 1.4%. New Zealand's NZX 50 Index fell 15 points or 0.1% to 13,326 points. The Singapore Straits Times Index fell 1 point to 4,503 points. UOB and OCBC Bank fell 0.6%, while Genting Singapore fell 1.3%. The Malaysian and Indonesian stock markets rose 0.4% and 0.7%, respectively, while the Thai stock market fell 0.5%. The Hanoi and Ho Chi Minh stock markets in Vietnam fell 0.3% and 0.4%, respectively, while the Philippine stock market rose 0.1%
