[MARKET ANALYSIS] Asia-Pac stocks trade mixed as strong US jobs data supports the case for a Fed rate hike, while US and Iran conducted tit-for-tat attacks on vessels
Newsquawk Staff ·
APAC Stocks: Mixed
- Asia-Pac stocks trade mixed as the region gets its first opportunity to react to the recent strong US jobs data and subsequent Fed rate hike bets, as well as the US and Iran tit-for-tat attacks on vessels in the Strait of Hormuz.
ASX 200: Flat
- Trades little changed as resilience in the energy, resources, materials and mining sectors is offset by underperformance in tech, utilities and telecoms, but with downside in the index cushioned by support at around the 9,000 level.
Nikkei 225: +2.2%
- Gapped above the 66,000 level with tech-related stocks heavily represented in the list of biggest gainers.
KOSPI +3.1%
- Outperforms amid firm gains in the semiconductor giants, including SK Hynix, which is said to be sharply increasing the production share of its sixth-generation 10nm-class 1c DRAM.
Hang Seng & Shanghai Comp: Hang Seng -1.1% / Shanghai Comp -0.2%
- Chinese markets lag with the Hong Kong benchmark led lower by losses in the likes of Baidu and Xiaomi, while the big banks are also pressured after reports that ICBC and AgBank plan large A-share placements to raise CNY 100bln and CNY 160bln, respectively, as part of Beijing's CNY 300bln capital injection in financials.
US Equity Futures: Rangebound
- Price action is lacklustre with index futures stuck around last Friday's troughs.
European Equity Futures -0.1%
- Indicate a slightly lower cash market open with Euro Stoxx 50 futures down 0.1% after the cash market closed with gains of 0.2% on Friday.
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
- CRUDE WRAP: WTI (Z6) SETTLES USD 2.32 HIGHER AT 99.47/BBL; BRENT (Z6) SETTLES USD 4.35 HIGHER AT USD 113.17/BBL
- [Market Update] Risk-off trade continues as AI concerns linger; stocks trade at new lows with NQ -3.0% as tech leads losses, while gold sees new lows; Treasuries push to new highs, weighing on USD; oil trades off highs supported by geopolitical risk
- Ukraine President Zelensky says Ukraine is ready for peace talks at G20, but so far no such invitation
- An Israeli military official told Channel 12 that here is no reason to launch an attack on Iran before the elections; If we detect preparations in Iran for an attack, we will act
Related headlines
- US President Trump will deliver remarks in Florida on Friday, Georgia on Saturday and Michigan on Sunday, according to The Whiye House2 hours ago
- US President Trump on Iran, says may do it a little bit further4 hours ago
- US President Trump, on Ukraine’s Starlink (SPCX) access, says it’s a very interesting situation; won’t comment on whether he spoke to Elon Musk; bottom line is Musk put it back4 hours ago
- US President Trump invokes Section 232 on wind turbine imports5 hours ago
- US President Trump signs EO on housing costs, aiming to cut mortgage insurance premiums5 hours ago
- US President Trump called Musk and asked him to lift Ukraine Starlink (SPCX) restrictions, WSJ reports6 hours ago
- US President Trump says "Iran is doing everything they can to drive up the price of Oil prior to the U.S. Midterm Election". 8 hours ago
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Tech stocks in focus after the sell off in the sector stateside, while SK Hynix cancels plan to list Solidigm unit on the Nasdaq1 hour ago
- PRE-MARKET AUSTRALIAN STOCKS NEWS: Whitehaven Coal (WHC AT) Q1 managed run-of-mine production rose 3% Q/Q to 11.0mln tons, equity sales of produced coal fell 5% Q/Q to 6.0mln tons2 hours ago
- US TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 1 POINT AND 9+ TICKS HIGHER AT 106-135 hours ago
- Money markets no longer full price a Fed rate hike before end of 20267 hours ago
- OpenAI trims valuation target to USD 1.25tln after previously pitching a higher price, according to FT2 hours ago
- OpenAI is raising up to USD 30bln in funding round at a USD 1.25tln valuation, led by UAE investors, according to CNBC, citing sources; OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE4 hours ago
- Western Digital (WDC) Q1 2027 (USD): Adj. EPS 4.64 (exp. 4.08), Revenue 4.38bln (exp. 4.14bln)4 hours ago
- Newsquawk Daily US Earnings Estimates - 23rd October 2026: AXP8 hours ago