Asian equities

US CPI reading and a cooler-than-expected US jobs report ‘may keep hawkish Fed officials at bay in September’, says Wells Fargo Investment

This is powered by gains in semiconductor and other technology stocks

The MSCI Asia Pacific equities gauge climbs 0.2% as South Korean shares rise 1.3%

SK Hynix and Samsung Electronics lead the declines

Concerns over AI spending, Middle East conflict sparked heavy selling in semiconductor stocks, hammering Asian chip giants

Renewed bets on the AI trade boost chip stocks, with focus on the possible reopening of the Strait of Hormuz

MSCI’s gauge of Asia Pacific stocks slides 0.7%, as eight of its 11 industry groups post losses

The broader MSCI gauge of Asian shares slides 0.6%  

MSCI’s Asia Pacific equities gauge slips 0.4%, with a regional semiconductor benchmark down 1.6%