Asia markets mostly rise as U.S. sales jump; Japan posts worst trade deficit ever
— CNBC’s Jeff Cox, Carmen Reinicke, and Hakyung Kim contributed to this report.
Asia Pacific markets traded largely higher on Thursday as investors digested Japan’s record trade deficit of 3.5 trillion yen ($26 billion) – according to Refinitiv data. Investors also digested a stronger than expected U.S. retail sales report from Wall Street.
South Korea’s Kospi closed 1.96% higher at 2.475.48, with the Kosdaq rising 2.51% to 784.71. In Japan, the Nikkei 225 rose 0.71% to close at 27,696.4 and the Topix inched up 0.68% to end the day at 2,001.09. The Japanese yen also slightly strengthened following the trade release.
In Australia, the S&P/ASX 200 closed 0.79% higher at 7,410.3, as unemployment figures for January came in higher than economists expected
In mainland China, the Shenzhen Component lost 1.3% to end its session at 11,907.4, and the Shanghai Composite also fell 0.96% to close at 3,249.03. Hong Kong’s Hang Seng index erased some of its earlier gains and last traded 0.9% higher, with the Hang Seng Tech index rising 1.95%.
The Philippines’ central bank raised its benchmark interest rates by 50 basis points to 6%. The Philippine peso strengthened nearly 0.5% against the U.S. dollar.
The Dow Jones Industrial Average led gains and gained more than 250 points from its intraday low to close at 34,128.05, while the S&P 500 and Nasdaq Composite closed 0.28% and 0.92% higher respectively.
More on CNBC
No comments:
Post a Comment