Asian stock markets diverged sharply: South Korean stocks rebounded, while Chinese, Japanese, and Taiwanese tech stocks came under pressure.
Macroeconomic pressures and energy inflation persist, and the tech sector’s valuation correction is not yet over. South Korean stocks performed relatively strongly, driven by an oversold rebound in memory stocks.
Chinese stocks proved relatively resilient. Improvements in retail sales and industrial output, along with Q3 GDP growth of 4.5% year over year, boosted market confidence.
The key takeaway: macroeconomic pressures have eased somewhat, but AI valuations and capital expenditure still need to be validated by earnings reports. #中国三季度经济增速加快至4.5%
Macroeconomic pressures and energy inflation persist, and the tech sector’s valuation correction is not yet over. South Korean stocks performed relatively strongly, driven by an oversold rebound in memory stocks.
Chinese stocks proved relatively resilient. Improvements in retail sales and industrial output, along with Q3 GDP growth of 4.5% year over year, boosted market confidence.
The key takeaway: macroeconomic pressures have eased somewhat, but AI valuations and capital expenditure still need to be validated by earnings reports. #中国三季度经济增速加快至4.5%