TREE NEWS update: The Reserve Bank of New Zealand kept its official cash rate unchanged at 2.75% on a 4-3 vote, surprising markets and sending the New Zealand dollar and government bond yields sharply lower. In South Korea, SK Hynix reported third-quarter operating profit rose sevenfold year-on-year and unveiled a 100 trillion won shareholder return plan, lifting its shares 10% and helping drive a more than 6% gain in the Kospi. ChangXin Technology has been added to the Shanghai Composite Index as its largest weighted stock.
New Zealand Central Bank Unexpectedly Holds Rates at 2.75%; SK Hynix Q3 Profit Soars
The RBNZ's split 4-3 hold is the telling detail: a one-vote margin signals genuine internal disagreement, which is why the currency and yields moved so hard rather than the decision itself. For rate-sensitive sectors and carry trades, the question is whether this marks the end of the easing cycle or a pause. Meanwhile, SK Hynix's profit surge and large shareholder return plan, paired with ChangXin's index inclusion, underline how concentrated Asian equity momentum has become in memory and semiconductor names. Whether that leadership broadens is worth watching.
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