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StreetAccount Summary - Asian Market Recap: Hang Seng +0.57%, Kospi (3.59%) Shanghai Composite (0.82%) as of 03:10 ET

Nov 03 ,2026

  • Synopsis:

    • Asia equities ended lower on aggregate Tuesday as the MSCI Asia Pac ex Japan index fell around 2.1%. South Korea's Kospi and Taiwan's Taiex led the decliners with Shenzhen also giving up some of yesterday's gains. Shanghai was also lower however Hong Kong gained. Australia was modestly higher while India is higher once again. Southeast Asia mixed. Japan closed for a holiday. US futures lower, European benchmarks sharply lower at the open. US dollar unchanged, AUD lower post RBA decision, yuan notably weaker following PBOC cooling measures. Crude futures reversing some of their overnight losses on news of a US attack on an Iranian island. Precious metals lower, base metals mixed as copper sinks but iron ore gains. Cryptocurrencies showing more weakness.

    • Asia's tech chain again saw some sharp declines Tuesday following a poor handover from the US overnight and ahead of the US mid-term elections today, with results due to begin appearing tomorrow morning Asia time. Technology names under pressure on reports of further fund requests from Oracle, Meta and Alphabet while investors also said to be questioning Anthropic's valuation. In addition, Apple shares fell aftermarket as margins come under pressure from capex and service revenue declined. Asia investors also largely shrugging off the overnight decline in Brent crude with nerves jangled again on reports an Iranian island had been attacked.

    • China stocks also back under pressure despite announcement of support measures late Tuesday. Meanwhile, the yuan weakened noticeably after the PBOC increased banks' foreign currency reserve requirement ratio to 6% from 4% to slow the yuan's rally. The AUD weakened after the RBA hiked interest rates 25 bps, as fully expected but signaled it would now pause in its tightening cycle. Elsewhere, South Korea inflation remained above the BOK's target with the core print edging higher, increasing the chances of a rate hike later this month.

    • Hoban Construction (0C8X70-E) has become the largest shareholder in Hanjin KAL (180640.KS) and has applied for a merger review with regulators. Tata Trusts (0GFD6T-E) senior advocate Khambata is to leave two core company trusts citing disagreements over listing plans, events at its 17-Sep meeting. Grab (GRAB) raised its Full-year sales and earnings forecasts on stronger ride demand as quarterly numbers beat estimates.

  • Digest:

    • Notable Gainers:

      • +30% 180640.KS (HANJIN KAL): Hoban reportedly becomes largest shareholder in Hanjin KAL

      • +6.9% 1070.HK (TCL Electronics Holdings): completes acquisition of TCL air conditioner business

      • +3.9% 300413.CH (Mango Excellent Media): trading higher on AI short drama theme and new variety show's playback market share surge

      • +3.0% 1828.HK (FWD Group Holdings): reports 9M new business sales (APE) $1.95B vs year-ago $1.94B

      • +1.3% 002049.CH (Unigroup Guoxin Microelectronics): launches CNY500-700M buyback at up to CNY83.31/share, to run for 12 months

    • Notable Decliners:

      • -11.8% 010950.KS (S-Oil Corp): South Korean oil sector move on falling oil prices

      • -7.8% 6770.TT (Powerchip Semiconductor Manufacturing): reportedly to take legal action against initiators of takeover bid

      • -5.8% 377300.KS (kakaopay): reports Q3 results; operating profit and revenue miss StreetAccount estimates

      • -5.1% 373220.KS (LG Energy Solution): reports Q3 results; guides FY revenue +35-40% y/y vs prior guidance +mid-10-20% and FactSet +37.7%

      • -3.3% 005380.KS (Hyundai Motor): reports October global sales 329,773 units vs year-ago 352,083 units

  • Data:

    • Economic:

      • South Korea October

        • CPI +2.8% y/y vs consensus +2.8% and +2.9% in prior month

          • CPI ex-food & energy +2.8% vs consensus +2.7% and +2.8% in prior month

    • Markets:

      • Nikkei: Closed

      • Hang Seng: 132.65 or +0.57% to 23525.97

      • Shanghai Composite: (29.93) or (0.82%) to 3608.10

      • Shenzhen Composite: (24.04) or (1.15%) to 2073.19

      • ASX200: 30.30 or +0.34% to 8886.80

      • KOSPI: (210.29) or (3.59%) to 5648.79

      • SENSEX: 982.08 or +1.30% to 76674.86

    • Currencies:

      • $-¥: (0.08) or (0.05%) to 157.8710

      • $-KRW: (4.40) or (0.33%) to 1340.8560

      • A$-$: (0.00) or (0.21%) to 0.6987

      • $-INR: (0.01) or (0.01%) to 94.6650

      • $-CNY: +0.02 or +0.27% to 6.6656

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