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StreetAccount Summary - Asian Market Recap: Nikkei (0.34%), Hang Seng +0.69%, Shanghai Composite +0.89% as of 04:10 ET

Oct 23 ,2026

  • Synopsis:

    • Asia equities ended mixed Friday. Steep losses at the open largely pared by the close with many benchmarks ending higher. Japan's two benchmarks missed the rally and ended lower; India's main boards also down. Greater China saw a strong rally after the lunch break to end higher, South Korea also reversed an early loss. Taiwan remained closed amid a typhoon watch. US futures still mixed, Europe mixed in early trade. US dollar flat, little movement of note in Asia forex. Treasury yields higher across tenors, JGB yields lower. Crude prices remain elevated with Brent still near $114/bl. Precious metals down again, base metals mixed. Cryptocurrencies strong.

    • Asia markets fell again Friday first thing but most closed away from their lows and a handful even saw a small gain. Stocks gapped lower following the Nasdaq's decline overnight and as oil hovered near $114/bl with the large-cap tech names in Japan and South Korea all lower however most of the prominent chip names in Tokyo and Seoul had managed to battle back to the flatline or better by the close. Nevertheless, it was a poor week for equities: the MSCI Asia Pac ex Pacific index was 2.6% lower with outsized declines on Japan's Nikkei 225 benchmark, and losses in South Korea, Taiwan and Hong Kong.

    • In regional developments Friday, Japan September CPI rose to 2.1%, above the BOJ target range for the first time this year. Separately, a Nikkei report said the BOJ would keep interest rates steady at its meeting next week however a December rate hike was still possible. October flash PMIs from Japan showed a stalling in manufacturing growth while Australia's manufacturing sector contracted again; India's reading showed a modest slowdown in growth.

    • Nippon Steel (5401.JP) is to invest $3B to update a 90-year-old steel mill in the US. HD Hyundai (329180.KS ) and Kiewit Offshore Services are to form a joint venture to build ship blocks in the US as part of the US-South Korea investment deal. SK Hynix (000660.KS ) has dropped plans to list its Solidigm in the US amid market volatility and shareholder pushback. SK Telecom's (017670.KS) data center unit is in talks to secure funding for $350B data center build out. Rio Tinto (RIO.AU) is to invest $1.9B to expand a bauxite mine in northern Australia. Jio Platforms' (0M8TM9-E) IPO has been oversubscribed five times amid a surge in retail demand.

  • Digest:

    • Notable Gainers:

      • +4.4% 000660.KS (SK Hynix): Solidigm to withdraw US IPO due to market conditions

      • +3.9% AJBU.SP (Keppel DC REIT): reports 9M distributable income SG$228.0M, +17% vs year-ago SG$195.3M

      • +2.6% 9CI.SP (CapitaLand Investment): chairman Miguel Ko to step down, Hsieh Fu Hua appointed successor, effective 1-Jan

      • +1.3% 000786.CH (Beijing New Building Materials Public): reports Q3 results; revenue CNY6.44B vs FactSet CNY5.92B

      • +1.2% 9409.JP (TV Asahi Holdings): Murakami-linked Aya Nomura and City Index Eleventh declare combined stake of 5.1% in TV Asahi Holdings

      • +0.5% 1913.HK (Prada): reports 9M revenue €4.54B, +12% vs year-ago €4.07B

    • Notable Decliners:

      • -3.8% 6146.JP (DISCO Corp.): reports Q2 results; net income misses FactSet estimates; Q3 guidance below the consensus

      • -1.1% 8001.JP (ITOCHU): confirms plans to buy 51% stake in Yungtay-Hitachi Construction Machinery

      • -0.4% 9688.HK (ZAI Lab): reports private placement of 11.3M ADSs at $22.04/ADS

      • -0.3% 1929.HK (Chow Tai Fook Jewellery Group): reports Q2 retail sales value growth (0.5%) y/y; guides H1 net income

  • Data:

    • Economic:

      • India October

        • Flash manufacturing PMI 54.9 vs final 55.1 in prior month

          • Services PMI 56.2 vs 55.2 in prior month

          • Composite PMI 56.7 vs 55.9 in prior month

      • Japan

        • September nationwide core CPI +2.1% y/y vs consensus +2.1% and +1.7% in prior month

          • CPI excl. fresh food & energy +2.4% y/y vs consensus +2.3% and +1.9% in prior month

          • Overall CPI +2.1% y/y vs consensus +2.1% and +1.9% in prior month

        • October flash manufacturing PMI 53.3 vs 54.1 in prior month

          • Services PMI 52.0 vs 51.3 in prior month

          • Composite PMI 52.3 vs 52.3 in prior month

      • Singapore September

        • CPI y/y +2.2% versus consensus +2.5% and +2.3% in prior month

      • Markets:

        • Nikkei: (214.68) or (0.34%) to 62693.16

        • Hang Seng: 158.69 or +0.69% to 23093.37

        • Shanghai Composite: 32.45 or +0.89% to 3690.48

        • Shenzhen Composite: 52.81 or +2.44% to 2212.99

        • ASX200: 2.00 or +0.02% to 8795.20

        • KOSPI: 16.53 or +0.30% to 5550.30

        • SENSEX: (708.57) or (0.97%) to 72540.82

      • Currencies:

        • $-¥: +0.14 or +0.09% to 156.9140

        • $-KRW: (0.53) or (0.04%) to 1325.5400

        • A$-$: +0.00 or +0.05% to 0.7022

        • $-INR: +0.15 or +0.16% to 94.9750

        • $-CNY: (0.01) or (0.10%) to 6.6699

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