[아시아증시] Mixed results as the U.S. watches China’s semiconductor regulations… Nikkei 0.59%↑

Low-priced semiconductor stocks strengthen on the prospect of CXIT being excluded from sanctions
Profit-taking sales and last night’s decline in the New York stock market are burdensome factors.

▲Nikkei 2252 index trend. Source: CNBC

Asian stock markets were mixed on the 28th as they watched the US semiconductor regulations in China.

The Japanese stock market Nikkei 225 index closed at 38,358.68 yen, up 223.71 yen (0.59%) from the previous day, and the Topix index closed at 2687.28, up 21.94 points (0.82%) from the previous day.

The Chinese stock market Shanghai Composite Index ended trading at 3293.23, down 16.55 points (0.50%) from the previous day, and the Taiwanese stock market index closed at 22,298.90, down 35.88 points (0.16%) from the previous trading day.

As of 4:14 p.m., the Hong Kong stock market Hang Seng index was down 261.98 points (1.34%) from the previous trading day to 19,341.15, the Indian stock market Sensex index was down 652.42 points (0.81%) from the previous trading day to 652.42, and the Singapore ST index was down from the previous day. Increased by 11.33 points (0.31) They are each trading at 3719.42.

As reports emerged that U.S. regulations on semiconductors in China would not be more stringent than expected, buying pressure centered on low-priced semiconductor stocks.

Citing sources, Bloomberg News reported that the U.S. Joe Biden administration is considering strengthening regulations on sales of semiconductor equipment and artificial intelligence (AI) semiconductors to China, but it is unlikely to lead to stricter measures than previously expected.

According to officials, the United States initially considered sanctions against six Huawei suppliers, but currently plans to add only some of these suppliers to the ‘Entity List’ (Department of Commerce export control list). In particular, it is reported that Changshin Memory (CXIT), which is focusing on developing AI memory semiconductor technology, will be excluded from sanctions.

The temporary slowdown in the weakening yen and dollar also acted as positive news for the Japanese stock market. However, at the end of the market, the increase narrowed as the number of profit-taking listings increased. The Chinese stock market also closed lower as investors began selling to realize profits from the recent rise.

The decline of the three major indices in the U.S. stock market last night also had a negative impact on investor sentiment. On this morning, the average decline of the Nikkei 225 index exceeded 300 yen at one point, falling below the psychological Maginot line of 38,000 yen.

Koji Toda, senior fund manager at Resona Asset Management, said, “Japanese stocks are easy to react to positive material from President-elect Trump,” and added, “The fact that it is not a strong enough material to buy most actively has suppressed the rise.”