"Asian Stocks" Mixed Performance in Asia-Pacific Stock Markets, Taiwan, South Korea, and Singapore Stocks Continue to Hit New Highs, SK Hynix Shows Improvement After Earnings, Indonesian Stock Market Drops 6%

The Federal Reserve maintained interest rates as expected. The US Dollar Index fell to a nearly four-year low, with geopolitical tensions, combined with central banks and ETFs buying gold, pushing international gold prices to new highs. Major stock markets in the Asia-Pacific region showed mixed developments this morning (29th), with Taiwan stocks, South Korean stocks, and Singapore stocks reaching new highs, while Taiwan stocks fell back. The Australian and New Zealand stock markets and the Indian stock market declined, and the Indonesian stock market fell sharply for the second consecutive day, while Hong Kong stocks rose and reached a high not seen in over four and a half years.

The People's Bank of China conducted a seven-day reverse repurchase operation in the open market, with a net injection of 143.8 billion yuan in a single day. The Shanghai Composite Index slightly fell by 4 points or less than 0.1%, reporting at 4,147 points; the Shenzhen Component Index slightly rose by 2 points to 14,344 points. The Hang Seng Index in Hong Kong rose by 148 points or 0.5% to 27,975 points, with a turnover of 172 billion yuan, reaching a high of 27,981 points during the session, a high not seen in over four and a half years. The Taiwan Weighted Index initially rose to a new high of 32,996 points before retreating, currently down by 221 points or 0.7%, reporting at 32,582 points. TSMC reached a new high of 1,835 New Taiwan dollars during the session, currently down 0.3% at 1,815 New Taiwan dollars. Hon Hai and Delta Electronics fell by 0.9% and 2.3%, while MediaTek rose by 0.3%.

The Nikkei Index in Japan rose by 129 points or 0.2% in the afternoon, reporting at 53,487 points. Advantest rose by 6.9%, SoftBank rose by 1.6%, and heavy industry stocks Mitsubishi Heavy Industries and IHI rose by 3.1% and 3.8%.

The South Korean Composite Stock Price Index rose by 27 points or 0.5%, reporting at 5,197 points, reaching a new high of 5,252 points during the session. Samsung Electronics fell by 1%, despite its fourth-quarter operating profit and revenue reaching new highs. SK Hynix and Hyundai Motor each rose by 2.6%, while Kia Motors rose by 2.2%, and battery stock LG Energy Solution fell by 3.4%.

SK Hynix's net profit in the fourth quarter of last year rose by 90% year-on-year to 15.25 trillion won. The Hynix double ETF (07709.HK) listed in Hong Kong experienced significant volatility, opening down 11.3% this morning, with a low of 25.18 yuan. It is currently reported at 27.34 yuan, down 3.73%, with a turnover of 45.8408 million shares, involving 1.219 billion yuan.

The Nifty 50 Index in India fell by 108 points or 0.4%, reporting at 25,234 points. The low-cost airline IndiGo fell by 3.1% after the chartered plane carrying the Deputy Chief Minister of Maharashtra crashed, raising concerns about safety issues in the Indian aviation industry. Automotive stocks such as Geely Suzuki and Mahindra fell by 2.8% and 3.5%, while Tata Group's retail business Trent fell by 2.6%. India's largest IT outsourcing company Tata Consultancy Services fell by 2.1%, and its peer Infosys fell by 1.2%.

The S&P/ASX 200 Index in Australia fell by 26 points or 0.3%, reporting at 8,907 points. Mining stock BHP rose by 1.9%, gold mining stock Newmont rose by 1.7%, while bank stock Commonwealth Bank of Australia fell by 1.1%. The NZX 50 Index in New Zealand fell by 64 points or 0.5%, reporting at 13,348 points.

The Straits Times Index in Singapore rose by 2 points, reporting at 4,912 points, reaching a new high of 4,928 points during the session. DBS Bank rose by 0.4%, reaching a new high of 60 Singapore dollars during the session. UOB fell by 0.5%, while Sembcorp Industries rose by 1%. Malaysia's KLCI and the Philippines' PSEI fell by 1.6% and 1.4%, respectively, with the Philippines announcing a 3% year-on-year GDP growth in the fourth quarter, which was below expectations The Thai stock market fell by 0.5%, while the Hanoi and Ho Chi Minh stock markets in Vietnam dropped by 0.4% and 0.1%, respectively.

The Jakarta Index (IDX) in Indonesia fell by 6.3%, continuing to be affected by the news that the index company MSCI has suspended the inclusion of local shares