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Chip Stocks Give Asia Traders Reason to Tiptoe Back Into Markets


Thursday, 24 January 2019 16:24 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


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Asia equity traders had tech shares to thank for halting the recent sell-off.

The sector rallied on Thursday, boosted by gains at Samsung Electronics Co. and SK Hynix Inc., which said it’d increase dividends by 50 percent despite an earnings miss. That helped the regional MSCI Asia Pacific Index return in the green after its biggest two-day drop so far this year.

South Korea's Kospi index up 0.8%; Kospi 200 up 1%, Australia's S&P/ASX 200 up 0.4%; New Zealand's S&P/NZX 50 little changed, Taiwan's Taiex index up 0.3%.

India's S&P BSE Sensex Index little changed; NSE Nifty 50 little changed.

Singapore's Straits Times Index up 0.4%; Malaysia's KLCI up 0.3%; Philippine Stock Exchange Index up 0.9%; Jakarta Composite up 0.3%; Thailand’s SET little changed; Vietnam's VN Index little changed.

Source: Bloomberg


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