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StreetAccount Summary - Asian Market Recap: Nikkei +1.08%, Hang Seng +0.23%, Shanghai Composite +0.91% as of 04:10 ET

Oct 28 ,2026

  • Synopsis:

    • Asia equities ended mostly higher Wednesday. South Korea's Kospi closed more than 6.6% up while the Taiex and Nikkei 225 were also notably higher. Greater China led by recovery in Shenzhen. Australia, New Zealand and Singapore near unchanged. India lower despite strong gains for Jio Platforms in its market debut. US futures mixed, Europe a little lower in early trading. US dollar capping a two -day rally, NZD sharply lower following RBNZ surprise decision to hold, other Asia currencies edging lower. Treasury yields higher across tenors, JGBs mixed. Crude oil higher with Brent hovering around $11/bl. Precious metals mixed, little movement of note in base metals. Cryptocurrencies mixed.

    • Asia markets buoyed by strong SK Hynix quarterly numbers, plans to return $45B to shareholders, and a strong outlook statement that indicated little let up in HBM demand. After the close Advantest (6857.JP) added to the strong reporting season, and said it would also launch a share buyback program. But away from the technology chain, investors remained cautious ahead of the Federal Reserve rate decision this evening and BOJ on Friday, even though market pricing indicate both will hold. Investors also cautious over Brent crude prices which rose back above $111/bl on reports the US has told Gulf allies to prepare for a short military campaign against Iran after the mid-term elections.

    • In other developments today, the RBNZ kept its official cash rate unchanged at 2.75% against expectations for a 25 bps hike in a 4-3 split MPC decision, with members saying further tightening is likely but will be dependent on the economic outlook. The RBA Governor Bullock said inflation was 'far too high' following higher-than-expected Q3 headline and trimmed mean inflation data. The Bank of Thailand kept its benchmark lending rate unchanged at 1%, as expected and raised its FY GDP forecasts for this year and next on strong IT exports. China said it would issue more bonds before the end of the year to help stimulus programs.

    • A China-based AI-safety group said DeepSeek's (+DEEPSEEK) latest AI model still shows safety gaps. SK Hynix (000660.KS) posted a seven-fold increase in Q3 profits and launched a launched a $75B shareholder return program. Warburg Pincus raised its offer for Ingenia Communities (INA.AU) to a level that now values the firm at nearly A$2.2B ($1.6B). Syngenta's (+SYNGENTA.HK) Hong Kong IPO could value the company at around $66B, according to Reuters sources. Alibaba (9988.HK) has won a court injunction against US defense department contract restrictions. Suzhou Dongshan Precision Manufacturing (2384.HK) saw its shares decline in Hong Kong on its trading debut. Jio Platforms (JPL.IN,545004.IN) debuted in Mumbai with a 21% jump in the share price nearing the close.

  • Digest:

    • Notable Gainers:

      • +14.9% 5344.JP (MARUWA): reports H1 results

      • +10.9% 000660.KS (SK Hynix): reports Q3 results with operating profit and revenue ahead of StreetAccount estimates; provides update on 2026 shareholder returns

      • +6.6% 7309.JP (Shimano): reports 9M results; raises FY guidance

      • +2.1% 035420.KS (NAVER): finalizes $9B (KRW11.944T) deal with Brookfield for AI computing infrastructure

    • Notable Decliners:

      • -12.4% 9697.JP (Capcom): reports H1 results; catalog sales down from Q1

      • -8.8% 688111.CH (Beijing Kingsoft Office Software): reports Q3 results

      • -6% 7751.JP (Canon): reports Q3 results; lowers FY headline guidance

      • -5.9% 6988.JP (Nitto Denko): reports Q2 results; revenue and operating profit miss StreetAccount estimates

      • -2.4% 522.HK (ASMPT): reports Q3 results; revenue and bookings ahead of StreetAccount estimates

  • Data:

    • Economic:

      • Australia

        • September CPI +4.3% y/y vs consensus +4.2% and +4.0 in August

          • CPI +0.8% m/m vs consensus +0.7% and +0.4% in August

          • Trimmed mean CPI +0.3% m/m vs consensus +0.3% and +0.2% in August

            • Trimmed mean CPI +3.6% y/y vs consensus +3.6% and +3.6% in August

        • Q3 headline CPI +1.3% q/q vs consensus +1.2% and +0.6% in Q2

          • Trimmed mean CPI +1.0% q/q vs consensus +1.0% and +0.8% in Q2

            • Trimmed mean +3.7% y/y vs consensus +3.6% and +3.6% in Q2

    • Markets:

      • Nikkei: 685.82 or +1.08% to 63954.19

      • Hang Seng: 53.51 or +0.23% to 23094.83

      • Shanghai Composite: 33.17 or +0.91% to 3681.47

      • Shenzhen Composite: 42.13 or +1.98% to 2174.15

      • ASX200: (2.80) or (0.03%) to 8847.30

      • KOSPI: 374.10 or +6.63% to 6012.44

      • SENSEX: (372.08) or (0.51%) to 73226.59

    • Currencies:

      • $-¥: (0.19) or (0.12%) to 157.7570

      • $-KRW: +9.90 or +0.75% to 1336.9400

      • A$-$: +0.00 or +0.13% to 0.7035

      • $-INR: +0.14 or +0.15% to 95.1500

      • $-CNY: (0.00) or (0.02%) to 6.6663

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