Asian equities retreated on Friday, as concerns over the impact DeepSeek will have on the artificial intelligence market pressured South Korean chipmakers. US futures climbed after robust results from Apple Inc. A gauge of the region’s shares halted a two-day gain, with SK Hynix Inc. and Samsung Electronics Co. falling in delayed reaction to the selling of AI stocks, as the nation’s markets reopened after Lunar New Year holidays. The former is a key supplier to Nvidia Corp., while Samsung’s pivotal chip division reported a smaller-than-expected profit. Markets in mainland China, Hong Kong and Taiwan remain closed. The dollar rose against most of its Group-of-10 peers as President Donald Trump is poised to unleash his first wave of tariffs Saturday. Treasuries saw selling, while Japanese yen erased early gains ahead of Bank of Japan Governor Kazuo Ueda’s appearance in parliament. Earnings for mega-cap tech companies face heightened scrutiny after investors dumped AI-related stocks earlier this month. Nvidia shares rose Thursday but remained on track for their worst week since September. The Nasdaq 100 is also set to drop for the first week in three. Despite this week’s selloff in technology stocks, Asian equities are on pace for their first monthly advance in four as concerns over President Donald Trump’s use of tariffs eased after he held back from imposing levies on China. US futures edged higher, partly reflecting robust results from Apple that lifted the iPhone-maker’s shares in after-market trading. Intel Corp. also rose post-market after reporting better-than-projected fourth-quarter revenue. Samsung “missed consensus, mainly from the semiconductor division,” said SK Kim, Daiwa Securities executive director and analyst, speaking on Bloomberg Television. “In semiconductors, Samsung has higher exposure to China and they are also supplying the AI chips to Chinese customers.” Treasuries fell after ending Thursday’s session little changed. The Fed’s favored inflation gauge, the personal consumption expenditures index, is due later Friday and is expected to show a small acceleration in price hikes. Elsewhere in Asia, Japanese government bond futures extended a drop ahead of Bank of Japan’s Governor Kazuo Ueda’s appearance in parliament later Friday. The yen reversed early gains after advancing Thursday in the wake of comments from BOJ Deputy Governor Ryozo Himino reaffirmed views that the authority will keep raising rates this year. Stocks in Philippines were set to enter a bear market after its benchmark index slumped over 20% from a recent high amid concerns about economic growth. Gold was steady after touching a record high to trade around $2,795 per ounce Friday. It’s on track for the best month since March. Oil prices also gained, with West Texas Intermediate at around $73 per barrel. In the foreign exchange market, the currencies of Mexico and Canada slumped on Thursday after Trump said he would follow through on his threat to impose 25% tariffs on imports from both countries as early as Saturday. A gauge of the dollar was on track for its best week in the past seven, though still down for the month as investors parse tariff news. US After Hours TEAM +18.9%, KLAC +4.3%, INTC +3.5%, AAPL +3.2% higher on earnings; DECK -15.8%, BZH -9.3%, OLN -8.2% lower on earnings
Nikkei +0.15% Hang Seng Closed CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.0391 CNH 7.30 CNY 7.2446 JPY 154.74 GBP 1.2426 CHF 0.9103 RUB 98.4203 TRY 35.8586 WTI$ 73.32 +0.81% Gold 2,795 BTC 104,610 -0.44% ETH 3,252 +0.21%
S&P +0.32% Nasdaq +0.67% EuroStoxx +0.02% FTSE +0.12% Dax +0.02% SMI +0.68%
Macro :
- Hedge fund Elliott warns Trump is inflating crypto bubble that ‘could wreak havoc’
- Trump’s 25% Tariff Vows Send Canada, Mexico FX Tumbling
- Automakers’ Shares Drop as Trump Reiterates 25% Tariff Pledge
- Blackstone’s Gray Calls Office Market Bottom: Financials Wrap
- DOT’s Duffy Says He’ll Visit FAA Command Center on Friday
Keep an eye on :
- ALL US : Nationwide to Buy Allstate Group Health Unit for $1.25b Cash
- AAPL US : Apple Rises as Forecast Offsets Mixed Results: Street Wrap
- AAPL US : Apple’s iPhone Sales Missed Estimates
- AOF GY : Atoss Software SE FY Ebit Beats Estimates
- ATRLJB SS : Atrium Ljungberg 4Q Rental Income Beats Estimates
- BEIJB SS : Beijer REF 4Q Operating Profit Misses Estimates
- BORR NO : Borr to Get About $125m Payment Settlement From Mexican Client
- BMAX SS : Byggmax 4Q Net Sales Beats Estimates
- ALCAR FP : Carmat Starts EU10 Million Global Offering
- ALCAR FP : Carmat Starts EU10 Million Global Offering
- CIPHR US : Cipher Mining Reports $50m PIPE From SoftBank; Shares Rise +24%
- EDF FP : EDF Raises French 2025, 2026 Nuclear Generation to 350-370TWh
- EPROB SS : Electrolux Professional 4Q Ebit Beats Estimates
- ELIS FP : Elis FY Ebitda Margin Forecast Misses Estimates, Elisa 4Q Comparable Ebitda Meets Estimates
- SFER IM : Ferragamo 4Q Revenue Beats Estimates
- HEXAB SS : Hexagon 4Q Net Sales Beats Estimates
- HPE US : US Sues to Stop HPE $14 Billion Deal to Buy Juniper Networks
- INTC US : Intel Gains With Results Better Than Feared: Street Wrap
- KER FP : Kering Sells Two Luxury Outlet Malls in Italy for €350m
- LAGRB SS : Lagercrantz 3Q Net Revenue Beats Estimates
- LHA GY : Singapore CCCS Grants Conditional Nod for SIA, Lufthansa JV
- LIFCOB SS : Lifco 4Q Net Sales Beats Estimates
- MBG GY : Mercedes Said to Explore Leasing Unit Sale Amid Broader Review
- MU US : Samsung Gets Nvidia’s Nod on Less Advanced Version of AI Memory
- NSKOG NO : Norske Skog Agrees on Settlement for Saugbrugs Rockslide
- NOVN SW : Novartis Sees '25 Net Sales Growth in Mid-to High-Single Digits (1)
- NOVOB DC : Novo Nordisk Shares Still Have a Long Road Back from 40% Slump
- NVDA US : US Probing If DeepSeek Got Nvidia Chips From Firms in Singapore
- PUIG SM : Puig 4Q Net Revenue EU1.36B
- SCYR SM : Spain’s Sacyr Board Will Propose Pedro Siguenza as CEO
- 005930 KS : Samsung’s Chip Division Underwhelms in Costly AI Memory Race (1)
- SAN FP : Sanofi’s Sarclisa Gets 2nd China Approval for Multiple Myeloma
- SCATC NO : Scatec 4Q Operating Profit Misses Estimates
- SIX2 GY : Sixt Holders Offer 600,487 Shares via Deutsche Bank: Terms
- SKFB SS : SKF 4Q Adjusted Operating Profit Beats Estimates
- 4502 JP : Takeda Shares Rise After FY Guidance Beats Estimate: Street Wrap
- UCG IM : Unpacking Italy’s M&A Wave Sweeping UniCredit to Monte Paschi
- UCG IM : UniCredit to Start ‘Golden Power’ Process Over BPM Bid: Sole
- WHR US : *WHIRLPOOL FALLS 16% IN BIGGEST DROP SINCE 2020 AFTER WEAK VIEW
- X US : Bluefin Capital Acquires 10.3% Stake in US Steel, Filings Show
- X US : US Steel Sees 1Q Adjusted Ebitda $100M to $150M, Est. $149.7M