{"id":440892,"date":"2026-10-27T10:40:05","date_gmt":"2026-10-27T03:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/asia-firms-into-tokyo-lunch-japan-and-korea-stocks-rise-aud-and-nzd-gain-after-nasdaq-lead-440892\/"},"modified":"2026-10-27T10:40:05","modified_gmt":"2026-10-27T03:40:05","slug":"asia-firms-into-tokyo-lunch-japan-and-korea-stocks-rise-aud-and-nzd-gain-after-nasdaq-lead","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/asia-firms-into-tokyo-lunch-japan-and-korea-stocks-rise-aud-and-nzd-gain-after-nasdaq-lead-440892\/","title":{"rendered":"Asia firms into Tokyo lunch: Japan and Korea stocks rise, AUD and NZD gain after Nasdaq lead"},"content":{"rendered":"<div>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>Japanese and South Korean stocks rose, following a firmer Wall Street session led by the Nasdaq<\/li>\n<li>South Korea\u2019s Q3 GDP grew 1.0% q\/q, well above forecasts, and the KOSPI\u2019s strong rally triggered a sidecar halt on program trading<\/li>\n<li>Japan\u2019s services PPI rose 3.7% y\/y in September, up from a downwardly revised 3.5%, ahead of Friday\u2019s BoJ decision<\/li>\n<li>China\u2019s industrial profits rebounded 14.4% y\/y in September from 4.2% in August<\/li>\n<li>The Australian and New Zealand dollars firmed ahead of Australian CPI data on Wednesday<\/li>\n<li>Gold was stable and oil edged slightly lower<\/li>\n<\/ul>\n<p dir=\"ltr\">Wall Street lead<br \/>\nAsian markets took a positive lead from Wall Street, where US stocks had a firmer session on Monday with the Nasdaq leading the gains. Tech sentiment has been supported by anticipation around Anthropic\u2019s planned stock market listing, adding to focus on the AI trade after a bruising correction in recent weeks.<\/p>\n<p dir=\"ltr\">Japan<br \/>\nJapanese stocks were higher into the lunch break. Data showed the services producer price index, which tracks what companies charge each other for services, rose 3.7% year on year in September. That was in line with forecasts and up from a downwardly revised 3.5% in August, pointing to accelerating pass-through of labour costs. The Bank of Japan concludes a two-day meeting on Friday and is expected to hold its policy rate at 1.25% while signalling readiness for further hikes. Attention is on whether its Outlook Report effectively declares that underlying inflation has reached the 2% target.<\/p>\n<p dir=\"ltr\">South Korea<a href=\"https:\/\/investinglive.com\/stock-market-update\/south-korea-q3-gdp-grows-1-0-beating-forecasts-as-ai-chip-boom-lifts-exports\/\" rel=\"follow\"><br \/>\nSouth Korean stocks rallied strongly<\/a>, with the move in the KOSPI triggering a sidecar, a temporary pause on program trading. Third-quarter GDP grew 1.0% from the previous quarter, beating the 0.7% forecast, as the AI chip boom drove exports and investment. The Bank of Korea estimates semiconductors account for about half of growth, although private consumption fell for the first time in nearly four years.<\/p>\n<p dir=\"ltr\">China<br \/>\nIndustrial profits rose 14.4% year on year in September, rebounding from 4.2% growth in August. Year-to-date growth eased slightly to 15.5% from 15.7%, keeping the underlying trend firm but gradually slowing.<\/p>\n<p dir=\"ltr\">Currencies<br \/>\nThe Australian and New Zealand dollars were higher. Australia\u2019s September quarter CPI is due at 00:30 GMT on Wednesday, with major banks expecting core inflation above the Reserve Bank of Australia\u2019s forecast and a November hike in play. In New Zealand, a majority of NZIER\u2019s Monetary Policy Shadow Board recommended a 25 basis point hike at the RBNZ\u2019s upcoming review.\u00a0<\/p>\n<p dir=\"ltr\">\n<p dir=\"ltr\">Commodities<br \/>\nGold was steady, while oil prices edged slightly lower. Energy remains a key inflation risk for central banks given ongoing tension around Iran.<\/p>\n<p dir=\"ltr\">Ahead<br \/>\nThe Federal Reserve\u2019s two-day meeting concludes on Wednesday, with several forecasters expecting the Fed to skip a hike this time before moving again in December. The BoJ decision follows on Friday.<\/p>\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Japanese and South Korean stocks rose, following a firmer Wall Street session led by the Nasdaq South Korea\u2019s Q3 GDP grew 1.0% q\/q, well above forecasts, and the KOSPI\u2019s strong rally&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440892","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440892"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440892\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}