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2026-08-14 13:15:39 US stocks advanced overnight (13th). The latest US PPI unexpectedly remained flat MoM, while initial jobless claims came in slightly above market expectations, further easing expectations for a Federal Reserve rate hike in September. The S&P 500 hit fresh intraday and closing record highs, rising 0.65%. The DJIA and Nasdaq also gained 0.1% and more than 0.8%, respectively. Memory stock Sandisk Corporation (SNDK.US) surged 13.7% after G Sachs said management provided better-than-expected long-term financial targets at its investor day, including gross margin of about 80% between 2028 and 2030. The broker reiterated its Buy rating with a TP of USD2,200. Major Asia-Pacific equity markets were mixed today (14th). Regional memory stocks advanced on the back of Sandisk gains. In Mainland China, the three major A-share indices were mixed in the morning session, with the Shanghai Composite Index down 0.2% by midday, the Shenzhen Component Index edging up 0.1%, and the ChiNext Index rising 0.65%. Hong Kong stocks closed at 25,160 points at midday, down 236 points or 0.93%, with half-day turnover at HKD135.724 billion. Taiwan stocks extended gains from the previous four sessions, edging up 45 points or 0.1% to 46,067 points after fluctuations. TSMC fell 0.4% and Foxconn dropped 1.2%. Memory stocks Nanya Technology rose 1.4% and Winbond Electronics climbed 3.1%. G Sachs said Foxconn's 2Q operating profit exceeded its forecast by 36%, and raised its earnings forecast for this year by 1% to reflect stronger-than-expected gross margin and operating efficiency. The broker set a TP of TWD400, maintained a Buy rating and kept the stock on its Conviction List Buy list. South Korean stocks extended gains from the previous four sessions, with the Kospi index climbing above the 7,000 level for the first time since Jul 24. The Kospi once surged 2.9% intraday to a high of 7,010 points and was last at 6,944 points, up 131 points or 1.9%. The two major heavyweight memory stocks performed strongly, with Samsung Electronics up 1.3% and SK Hynix rising 4.3%. Major MLCC manufacturer Samsung Electro-Mechanics continued to rise 4.1%. The Nikkei index extended gains from the previous three sessions. It once rose 1,299 points or 1.9% intraday to a high of 69,608 points before paring gains, and was last at 68,560 points in the afternoon session, up 251 points or nearly 0.4%. Memory stock Kioxia (285A.JP) gained 4.1%. SONY (6758.JP) rose 5.3%, while SoftBank (9984.JP) climbed 3.6%. MLCC stocks were mixed, with Taiyo Yuden (6976.JP) up 0.8% and Murata Manufacturing (6981.JP) down 2%. Singapore stocks edged up 0.1% by midday. Australia's ASX 200 index fell 1% late in the session, while New Zealand's NZX 50 index slipped 0.1%. Malaysia's KLCI dipped 0.2%. Indonesia's IDX gained 0.6%, while the Philippines' PSEI and Thailand's SET 50 each edged up 0.3%. India's BSE Sensex fell 0.3% and the Nifty 50 index declined 0.3%. Vietnam's Hanoi index and Ho Chi Minh index each dropped 1.2%. (da/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese 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. | |