APAC PULSE

APAC tone turns selective as chip risk meets divergent policy signals

Technology-heavy markets remain the main pressure point, while Japan and China are being shaped by separate inflation and policy narratives. Cross-asset focus is shifting toward BOJ timing, Chinese price dynamics and commodity sensitivity.

Asia Drivers What Matters Now

SOUTH KOREA / TAIWAN / SEMICONDUCTORS

Chip exposure remains the region’s clearest vulnerability

Korean and Taiwan technology leadership is sensitive to renewed AI-valuation and competitive concerns.

JAPAN / JPY / BOJ

BOJ timing keeps yen and Japanese equities closely linked

The next BOJ policy meeting is scheduled for October 29–30, keeping rate expectations central to JPY direction. ([boj.or.jp](https://www.boj.or.jp/en/?utm_source=openai))

CHINA / MACRO

Chinese inflation is firming, but demand signals remain mixed

September CPI rose year on year while manufacturing PMI only marginally entered expansion territory, limiting the policy read-through. ([stats.gov.cn](https://www.stats.gov.cn/english/PressRelease/202610/t20261015_1965500.html?utm_source=openai))

CHINA / INDUSTRIALS / COMMODITIES

Producer-price acceleration raises input-cost sensitivity

China’s September PPI strengthened sharply, led by mining and raw materials, reinforcing commodity and margin implications. ([stats.gov.cn](https://www.stats.gov.cn/english/PressRelease/202610/t20261015_1965499.html?utm_source=openai))

REGIONAL CROSS-ASSET

Enerisk remain important APAC transmission channels

Higher oil sensitivity could pressure importers while supporting Australia-linked commodity exposure.

Current web sources: Home : 日本銀行 Bank of Japan · Consumer Price Index in September 2026 · Industrial Producer Price Indexes in September 2026