---
title: "\"Asian Stocks\" Asia-Pacific stock markets generally soft, Taiwan and Singapore markets retreat, New Zealand stock market approaches historical high"
description: "The Asia-Pacific stock market is generally weak, influenced by the US stock market. The Reserve Bank of New Zealand unexpectedly cut interest rates, bringing the stock market close to historical highs"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260233303.md"
published_at: "2025-10-08T04:41:01.000Z"
---

# "Asian Stocks" Asia-Pacific stock markets generally soft, Taiwan and Singapore markets retreat, New Zealand stock market approaches historical high

> The Asia-Pacific stock market is generally weak, influenced by the US stock market. The Reserve Bank of New Zealand unexpectedly cut interest rates, bringing the stock market close to historical highs. The Nasdaq Golden Dragon China Index fell more than 2%, and the Hong Kong Hang Seng Index dropped 1.1%. The Taiwan Weighted Average Index declined by 0.6%, with Taiwan Semiconductor giving back more than 1%. The Indian Nifty 50 Index rose slightly, while the Australian S&P 200 Index fell. The Singapore Straits Times Index decreased by 0.5%, and the Malaysian and Indonesian stock markets fell slightly, while the Thai and Philippine stock markets rose

The Asia-Pacific stock markets generally followed the soft performance of US stocks on the evening of the 7th. The Reserve Bank of New Zealand unexpectedly cut interest rates by 0.5%, pushing the local stock market close to historical highs and reaching a peak not seen in over four and a half years, while the Shanghai and Shenzhen stock markets and South Korean stocks were closed.

The Nasdaq Golden Dragon China Index fell over 2%, while the Hong Kong Hang Seng Index dropped 287 points or 1.1% to 26,669 points, with a turnover of HKD 10.66 billion. Alibaba and Baidu each retreated over 3%. The Taiwan Weighted Index fell 170 points or 0.6% to 27,041 points. Taiwan Semiconductor retreated over 1%, while Quanta and Hon Hai fell 1% and 1.8%, respectively, and MediaTek rose 1.1%.

The Indian Nifty 50 Index rose 69 points or 0.3% to 25,177 points. Information technology service stocks performed well, with Infosys and Tata Consultancy Services rising 2.1%, HCL Technologies up 1.6%, and Mahindra Technology increasing by 2.2%. The Australian S&P/ASX 200 Index fell 7 points to 8,949 points. Retailer Wesfarmers dropped 2%, gold mining stock Newmont fell 0.4%, while mining stock Rio Tinto rose 0.9%. The New Zealand Exchange 50 Index rose 37 points or 0.2% to 13,568 points, reaching an intraday high of 13,626 points, close to the historical high of 13,643 points.

The Singapore Straits Times Index fell 22 points or 0.5% to 4,449 points. DBS and Genting Singapore fell 1.4%. The Malaysian and Indonesian stock markets fell 0.4%, while the Thai and Philippine stock markets rose 0.4% and 0.7%, respectively. The Hanoi and Ho Chi Minh stock markets in Vietnam each rose 0.1%

### Related Stocks

- [TSM.US - Taiwan Semiconductor](https://longbridge.com/en/quote/TSM.US.md)
- [STI.SG - FTSE Straits Times Index](https://longbridge.com/en/quote/STI.SG.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.