Sunnov Investment: Asia Powers Global Equity Growth

Asia-Pacific exchanges are taking the lead in capital formation, with India and Hong Kong dominating new listings, AI-linked semiconductors pulling cross-border flows, and mainland regulators tightening margin rules as liquidity accelerates.

SINGAPORE, SG / ACCESS Newswire / January 30, 2026 /As markets move through the final days of the first month, Asia-Pacific equity markets are turning strong trading momentum into primary issuance, and Sunnov Investment Pte. Ltd. is tracking IPO proceeds that more than double over the most recent full calendar year compared with the year before.

EY 's latest global IPO tally for that annual window places the region first by proceeds, with funds raised up 106% from the prior year even as transaction counts remain relatively stable. For Thomas Gardner, Director of Private Equity at Sunnov Investment Pte. Ltd., "what stands out is not a fleeting risk rally, but a shift in where entrepreneurs choose to take valuation risk and where institutions choose to fund it ".

India 's exchanges process 367 listings across the annual tally, ahead of the United States total of 223, with issuers raising $21.9 billion, up 9% from the year before. Within the same reporting window, India captures 28.4% of worldwide IPO volume and 13.3% of proceeds, suggesting a market that combines breadth with rising cheque sizes.

Hong Kong clears 114 offerings raising $35.5 billion over the same period, a $24.7 billion lift and a 229% jump from the prior year, putting it ahead of Nasdaq 's $26.3 billion on a like-for-like basis. Sunnov Investment 's review of the year just closed adds a deal-maker 's lens: seven of the ten largest global equity transactions land in Asia-Pacific venues, changing how investment banks think about distribution, aftermarket support and where price discovery begins. Gardner frames it as "a liquidity conversation as much as a growth conversation, because the biggest cheques gravitate towards the deepest pools of demand ". The implication is scale, and the warning is concentration, with due diligence and disclosure under brighter lights.

Public-market benchmarks echo the same rotation. Over the year just closed, the MSCI AC Asia Pacific Index rises more than 25%, while the S&P Pan Asia BMI advances 27% over the same annual window, a stretch of outperformance versus major US and European peers that forces allocators to revisit long-held regional weights. In the latest week of trading, gold holds above $5,100 an ounce and the dollar hovers near a four-year low, adding currency management to the equity thesis.

Semiconductors are doing much of the work in the region 's early-year re-rating. Over the past four weeks, Samsung Electronics and SK Hynix climb 35% and 29% respectively, helping lift the KOSPI to 4,079 as the month nears its close. In the third quarter of the year just closed, the two companies account for 48.4% of KOSPI operating profit growth. During the first fortnight of the month, South Korea-focused mutual funds attract about $1.3 billion of net inflows, showing how quickly global capital follows earnings momentum.

Mainland China is delivering its own form of momentum, paired with visible guardrails. On a peak session in the middle of the month, combined turnover across the Shanghai, Shenzhen and Beijing exchanges reaches $579.5 billion, while leveraged balances sit near $388 billion at the same point in time. Regulators raise the minimum margin requirement for financing purchases to 100% from 80% in that mid-month adjustment, an attempt to cool speculative leverage without draining liquidity.

Technology 's influence on regional price discovery is also showing up in guidance and capex commitments. In the most recently reported quarter, Taiwan Semiconductor Manufacturing Co. delivers profit growth of 35% from a year earlier and guides for about 30% revenue growth over the next fiscal year, alongside planned capital expenditure of $53.4 billion, up 37% from the prior-year plan. A recently revised TAIEX target of 34,600, up from 32,400, implies 8% upside over the next year, while TSMC 's market value stands above $1.3 trillion in the latest week of trading. The opportunity is earnings visibility, while the risk is that capex cycles can overheat when liquidity is plentiful. As Sunnov Investment continues to track issuance calendars, secondary-market depth and the policy signals that shape leverage, Gardner 's view is that "the winners are the venues that combine scale, credible regulation and a technology growth engine, while the losers are markets that rely on liquidity that can disappear in a risk-off week ".

About Sunnov Investment

• Founded in 2012, Sunnov Investment is a Singapore-based investment manager serving accredited investors, foundations and endowments across global markets.
• Long-only equity strategies sit at the core, complemented by long/short equity, global macro, event-driven and systematic mandates, alongside structured routes designed for eligible retail participation.
• Website: https://sunnov.com
• Media enquiries: Deng Hui, d.hui@sunnov.com
• Registered entity: Sunnov Investment Pte. Ltd., UEN 201225494E.

SOURCE: Sunnov Investment Pte. Ltd.,

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