South Korean Shares Hit Record High After Samsung Earnings

Hong Kong stocks rose 66 points, or 0.25%, to 25,956 on Tuesday morning trade, attempting to recover following six consecutive sessions of losses.

Gains were supported by a strong Wall Street rally overnight and comments from U.S. Treasury Secretary Scott Bessent that President Trump remains on track to meet Xi Jinping in South Korea later this month.

Stronger-than-expected Chinese trade data for September also lifted sentiment, as both exports and imports rose sharply ahead of the expiration of the current 90-day tariff truce on November 9.

All sectors advanced, led by financials and property, in line with mainland markets.

Geely Auto jumped 2.6% after approval for debt financing instruments, while gold-related stocks benefited from record-high bullion prices—Zhaojin Mining Industry (4.7%), China Gold International Resources (3.1%), and Laopu Old (2.8%).

However, caution ahead of China’s September credit figures later today and upcoming CPI and PPI data tempered further increases.

Hong Kong stocks rose 66 points, or 0.25%, to 25,956 on Tuesday morning trade, attempting to recover following six consecutive sessions of losses.

Gains were supported by a strong Wall Street rally overnight and comments from U.S. Treasury Secretary Scott Bessent that President Trump remains on track to meet Xi Jinping in South Korea later this month.

Stronger-than-expected Chinese trade data for September also lifted sentiment, as both exports and imports rose sharply ahead of the expiration of the current 90-day tariff truce on November 9.

All sectors advanced, led by financials and property, in line with mainland markets.

Geely Auto jumped 2.6% after approval for debt financing instruments, while gold-related stocks benefited from record-high bullion prices—Zhaojin Mining Industry (4.7%), China Gold International Resources (3.1%), and Laopu Old (2.8%).

However, caution ahead of China’s September credit figures later today and upcoming CPI and PPI data tempered further increases.

The dollar index hovered above 99.2 on Tuesday after advancing in the previous session, supported by easing US-China trade tensions as both sides expressed willingness to resume negotiations ahead of a possible meeting between President Donald Trump and Chinese President Xi Jinping later this month.

On Friday, Trump had threatened steep tariff hikes on Chinese goods in response to Beijing’s new export controls on rare earth minerals but later struck a more conciliatory tone, saying trade relations “will all be fine.” Meanwhile, the ongoing US government shutdown has limited the flow of economic data, leaving investors to look toward upcoming earnings reports from major banks for clues on the economy’s health.

The greenback held firm against most major peers and extended gains versus the yen amid heightened political uncertainty in Japan.

The dollar index hovered above 99.2 on Tuesday after advancing in the previous session, supported by easing US-China trade tensions as both sides expressed willingness to resume negotiations ahead of a possible meeting between President Donald Trump and Chinese President Xi Jinping later this month.

On Friday, Trump had threatened steep tariff hikes on Chinese goods in response to Beijing’s new export controls on rare earth minerals but later struck a more conciliatory tone, saying trade relations “will all be fine.” Meanwhile, the ongoing US government shutdown has limited the flow of economic data, leaving investors to look toward upcoming earnings reports from major banks for clues on the economy’s health.

The greenback held firm against most major peers and extended gains versus the yen amid heightened political uncertainty in Japan.

The S&P/ASX 200 fell 0.2% to 8,868 on Tuesday, marking its third consecutive session of losses and remaining at its lowest level in nearly two weeks, as notable declines in major banking stocks outweighed strong performances in the mining and gold sectors.

Three of the "Big Four" banks led the downturn, with Commonwealth Bank shedding 1.6%, NAB falling 1.7%, and Westpac declining 1.2%, as investors grew cautious ahead of the RBA’s meeting minutes and unemployment data for clues on future monetary policy moves.

In contrast, the mining sub-index hit a record high, supported by stronger iron ore prices and upbeat economic data, which helped offset renewed US-China trade tensions.

Rio Tinto jumped 3.5%, BHP Group advanced 2.2%, and Fortescue Metals added 2.3%.

Gold stocks also extended their rally as bullion prices surged past $4,100 per ounce for the first time amid safe-haven demand, with Northern Star Resources soaring 4.7% and Evolution Mining climbing 4.2%.

The S&P/ASX 200 fell 0.2% to 8,868 on Tuesday, marking its third consecutive session of losses and remaining at its lowest level in nearly two weeks, as notable declines in major banking stocks outweighed strong performances in the mining and gold sectors.

Three of the "Big Four" banks led the downturn, with Commonwealth Bank shedding 1.6%, NAB falling 1.7%, and Westpac declining 1.2%, as investors grew cautious ahead of the RBA’s meeting minutes and unemployment data for clues on future monetary policy moves.

In contrast, the mining sub-index hit a record high, supported by stronger iron ore prices and upbeat economic data, which helped offset renewed US-China trade tensions.

Rio Tinto jumped 3.5%, BHP Group advanced 2.2%, and Fortescue Metals added 2.3%.

Gold stocks also extended their rally as bullion prices surged past $4,100 per ounce for the first time amid safe-haven demand, with Northern Star Resources soaring 4.7% and Evolution Mining climbing 4.2%.