APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) continues to trade near its 52-week high and remains constructive. Most major markets remain constructive. Japan, China, Hong Kong, South Korea and Taiwan are trading at or near 52-week highs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) continues to trade near its 52-week high. Look for major markets to hold above their 21- or 50-DMAs, should they pullback further from recent highs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.
  • Ten markets, including Japan, China, Hong Kong and South Korea, are in a Confirmed Uptrend. Two markets, including India, are in an Uptrend Under Pressure. New Zealand is in a Rally Attempt.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) retook its 21-DMA and is close to its 52-week high. Most major APAC markets remain constructive, and near year-to-date highs above their 21-DMA support. Focus on stocks that are close to pivot with rising relative strength.
  • Nine markets, including Japan, China, Hong Kong and South Korea, are in a Confirmed Uptrend. Three markets, including India, are in an Uptrend Under Pressure. New Zealand is in a Rally Attempt. China was upgraded to a Confirmed Uptrend.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) pulled back from a 52-week high and is testing its 21-DMA. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) pulled back slightly from its 52-week high and remains constructive. Most major markets continue to trend constructively and are near 52-week highs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) continued to trend higher and closed at new 52-week highs. Most major APAC markets are trading close to 52-week or year-to-date highs. Focus on stocks that are trading above logical support and close to pivot with rising relative strength.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

  • The MSCI Asia Ex Japan index (AAXJ) broke out to a new 52-week high. Major markets continue to trade constructively above logical support. Focus on stocks that are trading above logical support and close to pivot with rising relative strength. Trim extended and lagging ideas.
  • Eight markets, including Japan, Hong Kong and India, are in a Confirmed Uptrend. Two markets are in an Uptrend Under Pressure. Three markets, including China and Australia, are in a Rally Attempt. 
  • South Korea’s KOSPI broke out of a two-week consolidation to make a new 52-week high. The KOSPI’s price percentage performance vs the 40-WMA is at ~22%, and the index is extended from a historical perspective. Near-term consolidation, as the 40-WMA catches up, is healthy in our view. Financial is the most extended sector, while Capital Equipment is pulling back.
  • The KraneShares CSI China Internet ETF (KWEB) broke out after Nvidia announced the resumption of sales of its advanced H20 chips to China. This positive catalyst could lead to relative outperformance of the Technology sector in Hong Kong. 
  • Technology continues to outperform in APAC, and the outperformance is led by Semiconductor and Hardware related Industry Groups (IGs). Refer to page 13 for a list of Technology stocks that are near pivot or closer to entry points across APAC.

Highlighted Focus List Idea: Tencent (TCNT.HK; 700 HK). Refer to page 9 for an annotated chart.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) continues to trade above its rising 21-DMA and remains constructive near its 52-week high. Markets must continue to hold above their rising short-term moving averages and rise above key resistance levels.
  • Eight markets, including Japan, Hong Kong and India, are in a Confirmed Uptrend. Two markets are in an Uptrend Under Pressure. Three markets, including China and Australia, are in a Rally Attempt.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) bounced off its 21-DMA and made a new 52-week high. Major markets are trading constructively above logical support. Focus on stocks trading above logical support and close to pivot with rising relative strength. Trim extended ideas and stocks that have failed to hold above key moving averages.
  • Eight markets, including Japan, Hong Kong and India, are in a Confirmed Uptrend. Two markets are in an Uptrend Under Pressure. Three markets, including China and Australia, are in a Rally Attempt.
  • Technology has been improving over the last four weeks, and has entered the top-right quadrant (Improving and Outperforming) of the APAC Sector Rotation Chart. It is among the sectors that have seen highest improvement in breadth. The improvement in Technology is led by Semiconductor stocks.
  • Technology is outperforming in all major APAC market except India, based on median 3-month RS Rating. Only select hardware-related Industry Groups (IGs) have outperformed since the selloff in April. Most hardware IGs are lagging over the 52-week period. Elec-Semiconductor Equip and Elec-Scientific/Msrng have outperformed other IGs over the shorter term – the last 4-13 weeks. Software IGs, such as Desktop and Gaming, are among the highest year-to-date gainers and are due for profit taking and consolidation.
  • Refer to page 9 for minicharts of extended Technology names in APAC that we recommend to trim positions. Refer to pages 10-11 for leaders within Technology that have superior WON metrics, are not extended and are trading above all key moving averages with rising relative strength.
  • Highlighted Focus List Idea: Advantest (AB@N.JP; 6857 JP). Refer to page 7 for an annotated chart.

APAC Weekly Summary

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • The MSCI Asia Ex Japan index (AAXJ) bounced sharply off its 21-DMA and made a new 52-week high. Major markets are trading constructively above logical support. Focus on stocks that are trading above logical support and close to pivot, with rising relative strength.
  • Six markets, including Japan and Hong Kong, are in a Confirmed Uptrend. Three markets, including India, are in an Uptrend Under Pressure. Four markets, including China and Australia, are in a Rally Attempt.
  • The U.S. Dollar Index has declined 10% since January 2025, breaking key support and testing a 14-year trendline. Further weakness could signal the start of a secular bearish trend, which historically supports emerging market outperformance. Refer to page 9 for the price performance of Developed and Emerging APAC stock markets versus the U.S. during periods where the Dollar declined more than 10% since 2000.
  • Emerging markets, particularly China, India and South Korea, are leading gains as capital flows shift amid U.S. dollar weakness and Fed rate cuts, with EEMA up 19% versus the S&P 500’s 4% gain year-to-date. Refer to pages 10 and 11 for minicharts of large cap EEMA constituents with strong WON metrics.
  • Highlighted Focus List Idea: HD Hyundai Electric (EES.KR; 267260 KS). Refer to page 7 for an annotated chart.