Most Asian equities advanced Wednesday, with Hong Kong<\/strong> leading on a sharp rebound in local technology names, while Japan\u2019s Nikkei 225<\/strong> struggled for traction as a steep drop in SoftBank Group<\/strong> offset cyclical strength.<\/p>\n\n\n\n U.S. risk appetite provided a modest tailwind after cyclicals outperformed on Wall Street amid hopes the U.S. government shutdown<\/strong> will end this week. S&P 500 futures<\/strong> edged up 0.2%<\/strong> ahead of a key vote to reopen the government.<\/p>\n\n\n\n The Hang Seng<\/strong> rose ~1%<\/strong>, hitting a one-month high as dip-buyers rotated into growth shares. JD Health<\/strong> climbed 5.8%<\/strong> and Alibaba Health<\/strong> gained 3.6%<\/strong>. Xiaomi<\/strong> advanced 3.8%<\/strong> after industry data showed its YU7<\/strong> topped Tesla\u2019s Model Y<\/strong> in China October sales; Xiaomi sold 48,654<\/strong> EVs (including 33,662<\/strong> YU7 units) versus Tesla\u2019s 26,006<\/strong> vehicles in China. Mainland indices were more subdued, with CSI 300<\/strong> and Shanghai Composite<\/strong> trading flat-to-lower amid reports Beijing may restrict U.S. military access to rare earths.<\/p>\n\n\n\n The Nikkei 225<\/strong> was little changed as gains in cyclicals and Sony (+~3%)<\/strong> on a beat-and-raise quarter were offset by SoftBank (\u2212~10%)<\/strong>, which disclosed it sold its entire Nvidia<\/strong> stake (31.2mn shares for $5.8bn<\/strong>) in October. Despite robust fiscal Q2 results and AI-related gains, the divestment headline weighed on the index. Broader TOPIX<\/strong> rose ~1%<\/strong> on cyclical strength.<\/p>\n\n\n\n With shutdown resolution in sight and tech sentiment stabilizing, North Asia retains a near-term bid. Still, index leadership remains narrow\u2014concentrated in select tech and cyclicals\u2014while China\u2019s growth jitters and policy headlines continue to curb broader risk-taking. The next leg hinges on confirmation of a U.S. reopening and incoming guidance from Asia\u2019s tech heavyweights.<\/p>\n","protected":false},"excerpt":{"rendered":" Most Asian equities advanced Wednesday, with Hong Kong leading on a sharp rebound in local technology names, while Japan\u2019s Nikkei 225 struggled for traction as a steep drop in SoftBank Group offset cyclical strength. U.S. risk appetite provided a modest tailwind after cyclicals outperformed on Wall Street amid hopes the U.S. government shutdown will end …<\/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-120849","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\/120849","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=120849"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120849\/revisions"}],"predecessor-version":[{"id":120850,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120849\/revisions\/120850"}],"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=120849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Hong Kong outperforms on tech and health-tech<\/h2>\n\n\n\n
Japan: SoftBank sinks, Sony shines<\/h2>\n\n\n\n
Elsewhere in Asia<\/h2>\n\n\n\n
\n
Outlook<\/h3>\n\n\n\n