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Asian Markets Mixed; Singapore Hits Record High; Indonesia, S Korea Indices Each Slide Over 3% to Lag Region; Regional Semiconductor Shares Under Pressure
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US index futures for the three major indices edged down slightly, with DJIA futures slipping by less than 20 points. As markets monitor developments in Iran, major Asia-Pacific bourses were mixed today (19th). Singapore's Straits Times Index hit a record high, while Indonesia and S Korea stock indices each fell about 3%, underperforming the region. The Philadelphia Semiconductor Index plunged 2.5% overnight (18th), weighing broadly on regional semiconductor shares today. In mainland China, the Shanghai and Shenzhen A-share markets opened lower but closed higher. The Shanghai Composite Index reversed losses to rise 38 points, or 0.9%, to 4,169, while the Shenzhen Component Index gained 39 points, or nearly 0.3%, to close at 15,569. Hong Kong stocks snapped a two-day losing streak. The HSI last stood at 25,839 in afternoon trading, up 164 points, or 0.6%, with turnover of HKD232.416 billion. Taiwan's market closed down 716 points, or nearly 1.8%, at 40,175. Precision electronics and semiconductor shares were under pressure. TSMC, UMC and Hon Hai fell 1.4% to 1.8%, Delta Electronics dropped 5.2%, and MediaTek slumped 7.2%. Japan's preliminary 1QYY GDP rose 0.5% QoQ, beating expectations. The Nikkei Index closed down 265 points, or 0.4%, at 60,550. Fiber optic stock Fujikura tumbled 17%. Semiconductor shares were sold off, with Lasertec, Tokyo Electron and Renesas Electronics falling 4.3% to 5.6%. South Korea's KOSPI, after stabilizing with volatility the previous day, plunged again, closing down 244 points, or nearly 3.3%, at 7,271. Signs emerged of narrowing differences in labor negotiations between Samsung Electronics and its union. Samsung Electronics ended nearly 2% lower, while SK Hynix slid 5.2%. Lee Kyung-min, a researcher at Daishin Securities, said yields on US 10-year and 30-year Treasury bonds rose to about 4.6% and 5.1%, respectively. Overseas investors' risk appetite weakened, leading to nine consecutive days of net capital outflows from the KOSPI. Singapore shares rose 54 points, or 1.1%, to an intraday high of 5,051, a record level. Oversea-Chinese Banking Corp, United Overseas Bank and DBS Group each gained about 1.2%, while ST Engineering and Singtel rose 1.6% to 1.9%. Other major markets were mixed. The Reserve Bank of Australia signaled a pause in future rate hikes and is assessing the economic impact of the Iran conflict following the rate increase in early May. The S&P/ASX 200 and New Zealand's NZX 50 closed up 1.2% and 1.7%, respectively. India's Nifty 50 rose 0.3% to 23,708. Thailand's SET 50 gained 0.3%, Malaysia's KLCI edged up 0.1%. Vietnam's Hanoi Index and Ho Chi Minh Index fell 0.2% and 1.3%, respectively. The Philippines' PSEI dropped 0.8%. Indonesia's IDX extended losses, falling 3.5% to 6,366, marking another more-than-one-year low. (da/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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