SCHATZ TECHS: (M5) Corrective Pullback

 Alibaba Group Holding Ltd. and BMW AG will team up to produce AI for cars in China, as the tech giant looks to monetize its emerging products and reach more customers. 

China’s No. 1 smartphone maker Vivo wants to increase sales from overseas markets like Southeast Asia to as much as 70% of revenue in two years, accelerating its global push as the world’s biggest handset market saturates.

Indonesia’s Bank Mandiri’s price was up over 8% after a larger than expected dividend was approved.

 LG Energy Solution signed a strategic partnership with Delta Electronics to expand into the US residential energy storage system (ESS) market, according to a company statement.

China Merchants Bank shares fall as much as 6.6% after reporting FY net income that met the average analyst estimate. Bloomberg Intelligence analyst warned of its jump in non-performing loans and expected weak outlook due to narrowing margins.

• China’s Hang Seng led the way today rising +0.25% after yesterday’s dramatic fall.  The CSI 300 didn’t follow suit and oscillated around where it started for the trading day whilst the Shanghai Composite rose +0.20% and Shenzhen was the outperformer up +0.70%.
• The KOSPI bounced back to deliver a positive day today, rising +1.20% and erasing the last two days of losses.
• Having delivered a positive day yesterday despite regional falls, the FTSE KLCI is up again today by +0.80%.
• The eyes of the region remain on Indonesia with the Jakarta Composite rising +3.35% following positive banking sector news.
• Singapore continues it’s good run rising +0.31% today in what has been a good period for the Straits Times Index, whilst the Philippines bucked the regional positivity today falling -0.26%
• India’s NIFTY 50 is opening marginally down this morning but has been on a very good run of gains in recent days. 

There has been a change in sentiment in recent days in India with another day of big inflows,  with flow elsewhere mixed. 

• South Korea: Recorded outflows of -$26m yesterday, bringing the 5-day total to +$1,016m. 2025 to date flows are -$3,909m. The 5-day average is +$203m, the 20-day average is -$100m and the 100-day average of -$95m.
• Taiwan: Had inflows of +$65m yesterday, with total outflows of -$1022m over the past 5 days. YTD flows are negative at -$15,106. The 5-day average is -$204m, the 20-day average of -$625m and the 100-day average of -$231m.
• India: Saw inflows of +$723m as of the 24th, with a total inflow of +$1,665m over the previous 5 days. YTD outflows stand at -$14,694m. The 5-day average is  +$333m, the 20-day average of -$178m and the 100-day average of -$170m.
• Indonesia: Posted inflows of +$13m yesterday, bringing the 5-day total to -$224m. YTD flows are negative at -$2,022m. The 5-day average is -$45m, the 20-day average is -$50m the 100-day average of -$36m.
• Thailand: Recorded outflows of -$81m yesterday, totaling -$175m over the past 5 days. YTD flows are negative at -$1,091m. The 5-day average is -$35m, the 20-day average of -$36m the 100-day average of -$19m.
• Malaysia: Experienced outflows of -$58m yesterday, contributing to a 5-day outflow of -$370m. YTD flows stand at -$2,104m. The 5-day average is -$74m, the 20-day average of -$57m the 100-day average of -$37m.
• Philippines: Saw outflows of -$11m yesterday, with net inflows of +$13m over the past 5 days. YTD flows are negative at -$194m. The 5-day average is +$3m, the 20-day average of 0 the 100-day average of -$7m.

A prominent Chinese economist provides insight into China's upcoming 15th five-year plan. On MNI Policy MainWire now, for more details please contact sales@marketnews.com.