[MARKET UPDATE] Asia-Pac stocks are mostly lower following the continued tech rout on Wall St, where semiconductor names were hit, while recent focus was also on geopolitics after US/Iran talks were reported to be off, and then on again
The Asia-Pacific stock markets are reacting to the continued sell-off in the tech sector on Wall Street, particularly affecting semiconductor stocks.
Australian Balance of Trade (Dec) 3.37B vs. Exp. 3.325B (Prev. 2.936B, Low. 2.6B, High. 4.0B)
PBoC is expected to set USD/CNY mid-point at 6.9468 (prev. 6.9533)
[MARKET UPDATE] Asia-Pac stocks are mostly lower following the continued tech rout on Wall St, where semiconductor names were hit, while recent focus was also on geopolitics after US/Iran talks were reported to be off, and then on again
Renesas (6723 JT) FY2025 (JPY) net loss 51.7bln (prev. profit 219.1bln Y/Y), oper. 201.2bln (prev. 223.0bln Y/Y), rev. 1.32tln (prev. 1.35tln Y/Y)
Baidu (9888 HK) announced a USD 5bln share buyback
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Additionally, the ongoing uncertainty surrounding US-Iran negotiations adds a layer of geopolitical concern that may weigh on investor sentiment, indicating a cautious outlook in the region and potential further pressure on risk assets.
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