TOKYO – Asian markets showed mixed signals on Tuesday, with the Tokyo benchmark rebounding after last week’s sharp decline.
Japan’s Nikkei 225 index surged by 2.2% in morning trading to reach 35,782.68, reflecting a positive sentiment. Meanwhile, the Australian S&P/ASX 200 and South Korea’s Kospi experienced slight fluctuations. Hong Kong’s Hang Seng remained steady, while the Shanghai Composite showed marginal gains.
The demand for computer chip stocks in Tokyo, particularly Tokyo Electron, saw a notable increase, drawing inspiration from the performance of technology-related stocks on Wall Street.
Investors seemed upbeat about the stabilization of the volatile yen, which can significantly impact Japan’s major exporters and the overall economic outlook.
While global geopolitical tensions continue to loom, recent developments have instilled some sense of calm in the market following a turbulent period.
The focus now shifts to key economic data releases, such as U.S. inflation and retail sales reports, which will influence central bank decisions and market movements.
As investors await corporate earnings updates from major U.S. companies, the energy trading market also saw some changes.
Stay tuned for more market insights and updates as the global economy navigates through these uncertain times.
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