{"id":120400,"date":"2025-10-29T09:51:21","date_gmt":"2025-10-29T05:51:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120400"},"modified":"2025-10-29T09:51:24","modified_gmt":"2025-10-29T05:51:24","slug":"asia-equities-mixed-session-as-wall-street-highs-lift-sentiment-australia-lags-on-hot-cpi","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/asia-equities-mixed-session-as-wall-street-highs-lift-sentiment-australia-lags-on-hot-cpi\/10\/29\/market-updates\/","title":{"rendered":"Asia Equities: Mixed Session as Wall Street Highs Lift Sentiment; Australia Lags on Hot CPI"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p><strong>Market snapshot<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Wall Street closed at <strong>record highs<\/strong>; U.S. equity futures were little changed.<\/li>\n\n\n\n<li><strong>Nikkei 225<\/strong> +2% to a fresh record <strong>51,311.47<\/strong>; <strong>KOSPI<\/strong> up as much as <strong>1.7%<\/strong> to a record <strong>4,078.99<\/strong> on AI momentum.<\/li>\n\n\n\n<li><strong>CSI 300<\/strong> +0.5%, <strong>Shanghai Comp<\/strong> +0.4%; <strong>Hong Kong<\/strong> closed for holiday.<\/li>\n\n\n\n<li><strong>Singapore STI<\/strong> \u22120.3%; <strong>India Nifty 50<\/strong> +0.2%.<\/li>\n\n\n\n<li><strong>Australia S&amp;P\/ASX 200<\/strong> \u22120.9% after hotter-than-expected inflation.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Drivers and Details<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">AI-led strength in Japan and Korea<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Japan\u2019s <strong>Nikkei 225<\/strong> notched a new all-time high, with chip and AI-adjacent names leading.<\/li>\n\n\n\n<li><strong>Nvidia<\/strong> rallied ~5% overnight in the U.S. after announcing plans to build <strong>seven AI supercomputers<\/strong> for the U.S. Department of Energy, reinforcing global AI-capex tailwinds.<\/li>\n\n\n\n<li>Korea\u2019s <strong>KOSPI<\/strong> hit a record as <strong>SK Hynix<\/strong> jumped on a <strong>record Q3 profit<\/strong>, buoyed by robust demand for <strong>HBM<\/strong> chips used in AI servers.<\/li>\n\n\n\n<li>Japanese sentiment was additionally supported by a newly signed <strong>U.S.\u2013Japan rare earths agreement<\/strong>, seen as positive for supply-chain resilience.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">China steady; regional divergence elsewhere<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mainland China stocks advanced modestly (<strong>CSI 300<\/strong> +0.5%; <strong>Shanghai<\/strong> +0.4%) amid a constructive global lead.<\/li>\n\n\n\n<li><strong>Hong Kong<\/strong> was shut for a public holiday.<\/li>\n\n\n\n<li><strong>Singapore<\/strong> slipped (<strong>STI<\/strong> \u22120.3%), while <strong>India\u2019s Nifty 50<\/strong> inched higher (+0.2%), underscoring mixed risk appetite across Asia.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Fed in focus; mega-cap earnings ahead<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Markets are fixed on the <strong>U.S. Federal Reserve<\/strong> policy decision later today, with consensus looking for a <strong>25 bps rate cut<\/strong>.<\/li>\n\n\n\n<li>Beyond the headline cut, traders will parse guidance on the <strong>path of further easing<\/strong> and any tweaks to <strong>quantitative tightening<\/strong>.<\/li>\n\n\n\n<li>Earnings from <strong>Microsoft<\/strong> and <strong>Alphabet<\/strong> are due later and could sway the post-Fed equity narrative.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Australia underperforms on hotter CPI<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Australia\u2019s <strong>Q3 CPI<\/strong> surprised to the upside: <strong>headline +1.3% q\/q<\/strong>; <strong>trimmed mean +1.0% q\/q<\/strong>, lifting the <strong>annual trimmed mean to 3.0%<\/strong>.<\/li>\n\n\n\n<li>The data knocked back expectations for near-term <strong>RBA<\/strong> easing, with markets pushing a potential <strong>rate cut<\/strong> closer to <strong>year-end<\/strong>.<\/li>\n\n\n\n<li>The inflation beat pressured local risk assets, sending the <strong>ASX 200 down 0.9%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What to watch next<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fed statement and dots\/press conference tone<\/strong> for signals on the glide path of cuts and QT.<\/li>\n\n\n\n<li><strong>U.S. mega-cap tech<\/strong> earnings for AI demand read-throughs and capex guidance.<\/li>\n\n\n\n<li><strong>RBA-rate path repricing<\/strong> in Aussie rates and knock-on effects for AUD and ASX sector dispersion.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Market snapshot Wall Street closed at record highs; U.S. equity futures were little changed. Nikkei 225 +2% to a fresh record 51,311.47; KOSPI up as much as 1.7% to a record 4,078.99 on AI momentum. CSI 300 +0.5%, Shanghai Comp +0.4%; Hong Kong closed for holiday. Singapore STI \u22120.3%; India Nifty 50 +0.2%. Australia S&amp;P\/ASX &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[6849,6851],"class_list":["post-120400","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-asia","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120400"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120400\/revisions"}],"predecessor-version":[{"id":120401,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120400\/revisions\/120401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}