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Well, let's take a look at some stocks on the move today in Asia. I'm Stephen Carol with Karline Hepker and we're joined by our markets reporter Anthony Stevens. Anthony, good to talk to you. Technology shares on the rise in Asia again today? Which stocks are standing out for you?
Yeah, just a little bit more kind of risk capitae coming back into the market. You know, after some of these headlines on the Iran wallfront, you saw sk Heinex up four point four percent and its subsidiary skse Square up eight percent to lead the way in Korea. But there's plenty of teams in Korea that are on fire, including the robotics team. As LGA Electronics travels to meet with Nvidia in the US, that space is up around seven to eight percent across LG name groups. In Taiwan,
we have a much more vanilla tape. We have anything to do with AI servers up to almost close to limit up. So these names include ac UMC and UNI, Micron, in Japan, it's a different story. The rally has kind of broadened out to chip materials, so you have Ebiden up seven point eight percent and JX Advanced Materials up eleven point eight percent as well. So these are pretty strong moves within the context of indexes that are not up more than two percent.
Okay, So that's text dogs. You've also been writing about the contrast there between Chinese markets when it comes to the AI trade versus the consumer economy in China. What have you picked out there?
Yeah, China tech is becoming a tale of two stories. The hardware space is doing really well, and you have names you know up three to four percent like SMI, c Huahung, Montage. These are things that make the actual semis and the software names which are like you know, diversified ecosystem of super apps and consumers, consumer apps and
so on, those things aren't doing so well. The names that you know really well like Ali Baba is down three percent, and also other consumer plays in the tech space like show me or Bid they are down three percent. But one thing I really do want to note is China has listed pre play AI names and these are absolutely screaming higher Jupu and Minimaxa up around sixteen percent today.
Okay, so keeping an eye on that part of the market as well. You did mention though, of course, the developments in the US around talks. We do see oil prices a little bit lower in trade and today Brent below seventy nine dollars a barrel. Now how is that playing out in the agent session?
Asian oil explorers are broadly mixed. I think that's because a lot of the downst has been priced already and now we are moving on to pricing new discoveries and corporate kind of actions. So for example, sinoc is up one percent, but Woodside is down one percent and ONGC in India is flat, So very mixed picture. There's not a lot of action in the island gas space in Asia. The next leg of the catalyst will be new explorations and new fields that they discover.
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