Asian Markets Deliver a Mixed Recovery

Asian markets recorded a mixed performance on November 9, 2026, as Japan led a recovery among selected equity benchmarks following the substantial losses recorded in the previous reported session. China, India and Australia also posted modest gains, while South Korea and Hong Kong remained slightly weaker.

Japan’s Nikkei 225 advanced 2.33% to 58,775.50, gaining 1,340.73 points from its previous reported close of 57,434.77. The increase represented a partial recovery after the benchmark’s 5.96% decline on November 6, although the index remained below 60,000.

The SSE Composite Index rose 0.32% to 3,660.79, while India’s S&P BSE SENSEX gained 0.13% to 81,106.65. Australia’s S&P/ASX 200 edged higher by 0.10% to 9,029.70, maintaining its position above the 9,000 level.

Nikkei Leads as Japan Recovers From Sharp Decline

The Nikkei recorded the strongest advance among the listed Asian equity benchmarks. Its 2.33% increase followed a steep decline in the previous reported session, when the index fell to 57,434.77.

Despite the rebound, the benchmark remained more than 1,200 points below its October 30 reported level of 63,290.11, illustrating the scale of its recent retreat.

China’s SSE Composite also moved higher, adding 11.61 points to reach 3,660.79. India’s SENSEX advanced 263.16 points to 81,106.65, extending its position above 81,000.

Australia’s S&P/ASX 200 gained 8.90 points, recording a relatively modest increase compared with Japan’s recovery.

South Korea and Hong Kong Remain Under Pressure

South Korea’s KOSPI Composite Index declined 0.81% to 5,018.85, losing 40.84 points from its previous reported close of 5,059.69. The decline extended the benchmark’s weakness following its consecutive losses earlier in November.

Hong Kong’s Hang Seng slipped 0.13% to 24,448.95, giving up 32.91 points from its previous reported level of 24,481.86. The modest decline contrasted with the stronger advance in Japan and the smaller gains across mainland China and India.

The latest figures highlight the continued divergence between regional equity markets, with Japan recovering while South Korea remained under pressure.

Currency and Private Equity Indicators

The Australian Dollar Currency Index fell 0.95% to 68.67, recording the largest decline among the listed currency and private equity indicators. The PHLX Yen also weakened, slipping 0.53% to 63.10.

APAC Private Equity declined 1.31% to 6,791.00, making it the weakest performer across all listed indicators. Its decline contrasted with the modest gains recorded by several major Asian equity benchmarks.

Outlook

The November 9 session showed an initial recovery in Japanese equities following the sharp losses recorded earlier in the month. However, continued weakness in South Korea, Hong Kong and private equity indicators suggests that regional market conditions remain uneven. Investors may monitor whether the Nikkei can sustain its rebound, whether the KOSPI can stabilize near 5,000, and whether the SENSEX can maintain its position above 81,000. The performance of regional currency indicators and private equity measures will also remain relevant to assessing broader market conditions.