Technology shares drove a broad rise in Asia’s stock markets on Friday as a plan for Donald Trump and Xi Jinping to meet eased nerves around a trade war. An MSCI gauge of Asian shares was up around 0.5%, resuming a blistering rally this year that has pushed the index to all-time highs. Tech stocks were among the big drivers, with South Korean chipmaker SK Hynix Inc. up as much as 6.9%. Shares in Intel Corp helped lift the mood overnight, climbing in post-market trading after an upbeat revenue forecast. Semiconductor stocks also led the gains in China on the nation’s renewed emphasis on tech self-reliance. The tech-heavy STAR 50 Index rallied more than 3%. Oil prices fell ahead of US inflation data, while a gauge of the dollar edged higher. The broad rally was helped by a White House announcement that President Trump will meet his Chinese counterpart Xi Jinping, a chance for cooler heads to prevail after a recent flare-up in trade tensions. The two leaders will talk next Thursday on the sidelines of the Asia-Pacific Economic Cooperation summit, their first face-to-face meeting since Trump returned to power. Chinese officials pledged to “greatly increase” the country’s strength and capacity for self-reliance in science and technology in the next five years, according to a communique released Thursday after a four-day conclave of the Communist Party’s Central Committee. Although the statement contained few surprises for investors, it confirmed Beijing’s commitment to bolster the tech sector.
Gains for Chinese semiconductor firms in the past few months partly reflect their broadening appeal among investors, Phelix Lee, an equity analyst at Morningstar, said on Bloomberg TV. Investors are now turning their attention to a delayed inflation report from the US, which will be released on Friday. The cross-asset moves overnight suggest investors are optimistic the inflation reading won’t be a major drag on global markets that have zoomed higher over the past month. Treasuries were largely steady on Friday. They had snapped a three-day rally during overnight trading as yields rose across the curve, with the 10-year climbing five basis points to 4%. US After Hours INTC +7.7% higher on earnings; MOFG +34.7% to be acquired; DECK -12.5%, MHK -4.7% lower on earnings.
Nikkei +1.54% Hang Seng +0.72% CSI +0.79% Shanghai +0.51% Shenzen +0.95%
Eur$ 1.1606 CNH 7.1282 CNY 7.1243 JPY 152.88 GBP 1.3321 CHF 0.7960 RUB 81.4350 TRY 42.0602 WTI$ 61.51 -0.45% Gold 4,105 -0.51% BTC 111,145 +1.43% ETH 3,930 +2.64%
S&P +0.19% Nasdaq +0.30% EuroStoxx +0.19% FTSE +0.03% Dax +0.14% SMI
Macro :
- France Calls for ‘Flexibility’ on EU Auto CO2 Emissions Rules
- Balyasny’s New $30 Million Man Adds Four to His Asia Macro Pod
- Hedge Fund Assets Hit $5 Trillion With Most Inflows Since 2007
Keep an eye on :
Keep an eye on :
- AC FP : Accor Boosts FY Recurring Ebitda Forecast
- AFRY SS : AFRY 3Q Net Sales Miss Estimates
- ATE FP : Alten 9M Organic Revenue -5.2%
- BBVA SM : BBVA-Sabadell $9 Billion AT1s Look Beyond Acquisition Failure
- BETSB SS : Betsson 3Q Operating Profit Beats Estimates
- BHG SS : BHG Group 3Q Sales Beat Estimates
- BITTI FH : Bittium 3Q Net Sales Beat Estimates
- BOL FP : Bollore 3Q Organic Revenue -24%
- BONAVA SS : Bonava 3Q Net Sales Miss Estimates
- BRAV SS : Bravida 3Q Net Sales Beat Estimates
- BMAX SS :
- CARM FP : Carmila 9M Gross Rental Income EU327.4M Vs. EU298.1M Y/y
- CARM FP : Carmila 9M Gross Rental Income EU327.4M Vs. EU298.1M Y/y
- COFB BB : Cofinimmo 9M Adjusted EPS EU4.88 Vs. EU4.88 Y/y
- DECK US : *DECKERS OUTDOOR SHARES DROP 8.1% AFTER REPORTING 2Q RESULTS
- DEME BB : DEME Wins Auction for Paranaguá Port Access Channel Concession
- DUNI SS :
- ENI IM : Eni 3Q Adjusted Net Income Beats Estimates; Eni Raises Share Buyback Plan as Outlook for Cash Flow Improves
- ETL FP : Starlink Starts Security Tests Ahead of India Retail Kickoff
- XOM US : Chandra Asri to Buy ExxonMobil’s Esso Stations in Singapore
- GJF NO : Gjensidige 3Q Combined Ratio Reported Misses Estimates
- GOOGL US : Anthropic Confirms Google Cloud Deal Worth Billions of Dollars
- GSK LN : GSK’s Blood Cancer Drug Blenrep Wins US Regulatory Approval --> +4%
- IBE SM : Fortescue Said to Be Frontrunner for Iberdrola Portfolio Stake
- IBE SM : Fortescue Said to Be Frontrunner for Iberdrola Portfolio Stake
- INTC US : Intel Sees 4Q Revenue $12.8B to $13.8B: Snapshot
- JD US : JD.com, Meituan, Ele.me Probed by China’s Regulator: Report
- KEMIRA FH : Kemira 3Q Oper Ebitda Meets Estimates
- KGX GY : Kion Boosts FY Free Cash Flow Forecast, Beats Estimates
- LAGRB SS : Lagercrantz 2Q Net Revenue Beats Estimates
- LIFCOB SS : Lifco 3Q Net Sales Beat Estimates
- LIAB SS : Lindab 3Q Net Sales Meet Estimates
- LINDEX FH : Lindex Narrows FY Adjusted Ebit Forecast
- FII FP : LISI 3Q Sales EU464.4M Vs. EU419.4M Y/y
- HAG GY : Hensoldt Sees FY Adjusted Ebitda Margin at Least 18%, Est. 17.8%
- HTRO SS : Hexatronic 3Q Adjusted Ebita SEK146M Vs. SEK230M Y/y
- HIAB FH : Hiab 3Q Orders Beats Estimates
- HOLN SW : Holcim 3Q Sales Beat Estimates
- MDM FP : Maisons du Monde 3Q Sales Beat Estimates
- MTRS SS : Munters 3Q Net Sales Beat Estimates, To Cut Costs in AirTech
- NEM US : Newmont Corp 3Q Adjusted EPS Beats Estimates
- NHY NO : Norsk Hydro 3Q Adjusted Ebitda Misses Estimates
- NSKOG NO : Norske Skog 3Q Ebitda Beats Estimates
- NVDA US : Nvidia Partners With Uber on Autonomous Vehicle Development
- 1913 HK : Prada Rises to Three-Month High After Q3 Sales Beats on Miu Miu +5.44% in HK
- RVRC US : RVRC Holding Offering of Shares by Altor Prices at SEK60/Share
- SAABB SS : Saab Boosts FY Organic Revenue Forecast
- SFL IM : Safilo Says It Made Non-Binding Offer for Two Inspecs Units
- SAF FP : Safran Boosts FY Adj. Recurring Operating Income Forecast, Safran Lifts Outlook for Third Time in 2025 on Record Deliveries
- SFER IM : Ferragamo 3Q Revenue Beats Estimates
- SAN FP : Sanofi 3Q Business EPS Beats Estimates
- SCANFL FH : Scanfil 3Q EPS EU0.14, Est. EU0.16 (2 Est.)
- SCHP SW : Schindler 3Q Ebit Beats Estimates
- SK FP : SEB 3Q Sales Match Estimates
- LIGHT NA : Signify 3Q Professional Business Comp Sales Growth Miss Est.
- SIKA SW : Sika 9M Net Income CHF870.9M Vs. CHF922.6M Y/y
- SPEC LN : Inspecs Receives Two Separate Proposals From H2 and a Consortium
- TKO FP : Tikehau Capital Assets Under Management EU51.14B
- TMPV IN : Jaguar Land Rover Cyberattack Causes 27% Slump in UK Car Output
- TOBII SS : Tobii 3Q Operating Loss SEK33M, Est. Loss SEK31.8M (2 Est.)
- TRELB SS :
- UBER US : Nvidia Partners With Uber on Autonomous Vehicle Development
- FR FP : Valeo 3Q Revenue Beats Estimates
- DG FP : Vinci 3Q Revenue Beats Estimates
- VIS SM : Viscofan 3Q Net Income Beats Estimates
- VOW GY : Volkswagen Workers in Tennessee to Vote on Strike Authorization
- MF FP : Wendel Said in Talks to Buy Majority Stake in Committed Advisors
- MF FP : Wendel Net Asset Value per Share EU163.00 Vs. EU167.70 Q/Q
- XIOR BB : Xior FY EPRA EPS Forecast Matches Estimates