Hong Kong opens on a positive note, with a mixed start for mainland Chinese markets
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New record for the Tokyo Stock Exchange: the Nikkei stock average reaches its highest level since February 1990, thanks to the weakening of the yen which favors exporters and the Bank of Japan’s caution regarding the imminent hike in the wake of weak wage data . The Nikkei rose 1.94% to 35,110.52 at the mid-day close. The index is on track for a third straight day and is approaching its biggest weekly increase since late March 2020. The broader Topix rose 1.81% to 2488.65.
The strong earthquake that hit western Japan last week and weak wage growth data are forcing market participants to “reassess” when the Bank of Japan (BOJ) normalizes its monetary policy.
The Hong Kong Stock Exchange, meanwhile, opened the session positively driven by Wall Street’s earnings and awaiting data on US inflation: the Hang Seng index initially recorded a rise of 0.35%, to 16,154, 17 points. The Chinese markets return to trading contrasted, little moved and around parity: the Shanghai Composite index initially lost 0.14%, to 2,873.80 points, while that of Shenzhen showed a fractional progress of 0.08%. , at 1,731.44.
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2024-01-11 07:18:45
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