Analysts said that the positive trend in global equity markets, which started led by technology stocks despite increasing expectations that the US Federal Reserve (Fed) may start interest rate cuts later than expected, was carried to Asia.
According to data released today in Japan, GDP declined by 0.1 percent in the 4th quarter of 2023 compared to the previous quarter, falling below expectations. Forecasts were that the Japanese economy would grow by 0.2 percent in the period in question.
- Shares of TMSC, the world’s largest chipmaker, rise to a record high
- New York stock market closed higher
While the capacity utilization rate in the country fell 0.1 percent in December, industrial production remained below forecasts with an increase of 1.4 percent. With these developments, the dollar / yen parity is trading at 150.2 points with a 0.3 percent decrease.
Today, the Kospi index in South Korea decreased by 0.25 percent to 2,613 points, while the Nikkei 225 index in Japan rose 1.21 percent to 38,157 points.
The Sensex index in India is at 71,864 points with an increase of 0.1 percent, while the Hang Seng index in Hong Kong is at 15,940 points with a 0.4 percent gain.
