South Korea’s Kospi reached a record high for the second consecutive day on Friday, driven by a surge in chip and defense stocks. Index heavyweight SK Hynix experienced an increase of 6.15%, whereas defense giant Hanwha Aerospace saw a rise of 8.09%. The index concluded the trading session with an increase of 2.31%, reaching a Read More
In January, Japanese exports experienced a notable increase of 16.8% year on year, significantly surpassing market expectations and achieving their highest growth rate since November 2022, driven by a surge in shipments to Asia and Western Europe, according to government data released on Wednesday. Growth exceeded December’s 5.1% and surpassed the estimates of 12% from Read More
A yen approaching 160 to the dollar, unprecedented levels in Japanese equities, and rising yields on Japanese government bonds may be forthcoming following Prime Minister Sanae Takaichi’s decisive victory in the recent snap election on Sunday. Takaichi guided the ruling Liberal Democratic Party to a supermajority in the Lower House, achieving 316 seats in the Read More
Asia-Pacific markets predominantly experienced an uptick on Wednesday, diverging from US Market’s trajectory following a decline in U.S. technology stocks that impacted overall sentiment. Concurrently, gold continued its upward trend for a second consecutive day. Japan’s Nikkei 225 experienced a decline of 0.78%, closing at 54,293.36, primarily influenced by the performance of technology stocks. The Read More
Japanese indexes reached record highs on Wednesday amid speculation that Prime Minister Sanae Takaichi may announce a snap election, potentially scheduled for February. Reports of a sudden election occurring while the Japanese leader experiences significant popularity have intensified the phenomenon known as the “Takaichi trade.” This situation is marked by a depreciating yen, which benefits Read More
Asia-Pacific markets experienced a general uptick on Thursday, following a rise on market driven by optimism regarding a potential interest rate cut by the Federal Reserve next week, spurred by disappointing jobs data. Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions in October, and well below the Read More
