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StreetAccount Summary - Asian Market Recap: Nikkei (2.12%), Hang Seng +1.46%, Shanghai Composite (1.44%) as of 04:10 ET

Oct 30 ,2026

  • Synopsis:

    • Asia technology stocks ended sharply lower Friday but were offset by gains on the Hang Seng. South Korea's tech stocks saw some steep declines again although finished off their lows. Taiwan's Taiex ended at two-month lows and near a technical correction, and the Nikkei 225 was also notably lower. Some gains in Hong Kong, Australia and India; Southeast Asia benchmarks all lower. US futures indicate a negative open, Europe benchmarks soft in early trades. US dollar under some pressure, small gains in Asia forex. Treasury and JGB yields mostly lower. Crude oil higher again, Brent back above $112/bl. Precious metals under fresh pressure with gold breaking key support levels, base metals lower. Cryptocurrencies sharply down on Binance's cyberattack.

    • Asia equities ended the week and month on a largely sour note although Hong Kong offered the broader regional indexes some relief as value stocks rallied from yesterday's dip into the close. The MSCI Asia Pac ex-Japan index ended nearly 1.0% lower for the day, 1.2% higher for the week, and 6.6% lower for the month. Tech stocks Friday fell sharply again following more disappointing earnings from US corporates overnight, particularly Amazon and Intel, which are currently also weighing on Nasdaq futures. But several defensive sectors and alternative assets gaining at AI's expense today and this week: Treasuries, JGBs, Hong Kong energy and REITs, India's software services among them, while short-closing provided a small boost into the close as investors de-risked ahead of next week's US mid-term elections.

    • In Friday developments, The Bank of Japan kept its base interest rate unchanged at 1.25% as widely expected and declared inflation had finally reached its target, but also flagged another hike was likely. It also surprised markets by announcing it would sell its ETF holdings at an accelerated pace from January. Elsewhere, cryptocurrency exchange Binance suspended withdrawals following a cyberattack, triggering a leg lower in cryptocurrencies. Japan September economic data was mixed as industrial output grew albeit at a slower pace than in August, retail sales growth also eased but unemployment unexpectedly declined. Tokyo October inflation rate rose to 2.6% , above the BOJ's target. South Korea September industrial output growth grew to a 15-year high 9.0% m/m or 1.2% y/y while retail sales and facility investment both improved. India's finance ministry said it expects FY27 GDP growth of 7.3% but emphasized inflation risks.

    • BYD (1211.HK) quarterly earnings missed estimates despite more than doubling overseas sales y/y. Tokyo Electron (8035.JP) gave a strong outlook statement as quarterly earnings beat forecasts. Coles (COL.AU) said heightened promotional activity by competitors had negatively impacted Q2 sales; stock sharply lower.

  • Digest:

    • Notable Gainers:

      • +15% 9766.JP (KONAMI): reports H1 results; operating income +73% y/y; raises FY guidance

      • +10% 000596.CH (Anhui Gujing Distillery): reports Q3 results

      • +7.4% 1199.HK (COSCO SHIPPING Ports): reports Q3 results; Citi upgrades rating

      • +3.8% 090430.KS (Amorepacific): reports Q3 results; operating profit beats StreetAccount estimates

    • Notable Decliners:

      • -16.2% 6702.JP (Fujitsu): reports Q2 results; operating profit misses StreetAccount estimates

      • -15.9% 631.HK (Sany Heavy Equipment International Holdings): reports Q3 results

      • -11.7% 000270.KS (Kia Corp.): reports Q3 results; operating profit, revenue miss StreetAccount estimates

      • -10.0% 2409.TT (AUO Corp): reports Q3 results; EPS misses FactSet estimates

      • -7.6% 278470.KS (APR Co.): reports Q3 results; operating profit misses StreetAccount estimates

  • Data:

    • Economic:

      • Japan

        • October Tokyo core CPI +2.6% y/y vs consensus +2.6% and +2.7% in prior month

          • CPI excl. fresh food & energy +2.6% y/y vs consensus +2.7% and revised +2.9% in prior month

          • Overall CPI +2.8% y/y vs consensus +2.7% and +2.7% in prior month

        • September

          • Retail sales +2.3% y/y vs consensus +3.3% and revised +2.9% in prior month

            • Retail sales (0.7%) m/m vs consensus +0.3% and revised (0.9%) in prior month

          • Industrial production +2.2% m/m vs consensus +1.2% and (2.4%) in prior month

            • METI survey projections +5.1% in Oct, +0.8% in Nov

          • Unemployment rate 2.4% vs consensus 2.5% and 2.5% in prior month

            • Job offers to applicants ratio 1.19 vs consensus 1.18 vs revised 1.18 in prior month

      • South Korea September

        • Industrial production +9.0% m/m vs revised (4.6%) in prior month

          • Industrial production +1.2% y/y vs FactSet consensus +0.6% and revised (1.7%) in prior month

      • Australia

        • September private sector credit +0.6% m/m vs consensus +0.5% and +0.6% in August

        • Q3 PPI +1.1% q/q vs +1.3% in Q2 (11:30 AEDT)

          • PPI +3.6% y/y vs +3.6% in Q2

    • Markets:

      • Nikkei: (1,369.36) or (2.12%) to 63290.11

      • Hang Seng: 335.77 or +1.46% to 23294.42

      • Shanghai Composite: (52.42) or (1.44%) to 3599.02

      • Shenzhen Composite: (55.97) or (2.65%) to 2057.33

      • ASX200: 16.30 or +0.18% to 8908.10

      • KOSPI: (206.92) or (3.48%) to 5730.74

      • SENSEX: 495.25 or +0.67% to 74646.29

    • Currencies:

      • $-¥: (0.17) or (0.11%) to 157.5380

      • $-KRW: (6.89) or (0.51%) to 1332.7400

      • A$-$: (0.00) or (0.11%) to 0.7022

      • $-INR: (0.20) or (0.21%) to 95.0475

      • $-CNY: (0.00) or (0.08%) to 6.6562

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