Chip Stocks Give Asia Traders Reason to Tiptoe Back Into Markets
Thursday, 24 January 2019 16:24 WIB | MARKET UPDATE |MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik

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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