Nikkei 225 leads gains in Asia
Japan's Nikkei 225 (Ticker AT: JP225) closed Friday with a rise of 1.5%, accumulating a weekly gain of close to 4%. This advance was driven by economic data reflecting a partial recovery in the Japanese economy.
The Tokyo Consumer Price Index (CPI) showed a higher than expected increase in December, reinforcing expectations of a possible adjustment in the Bank of Japan's (BoJ) monetary policy. Some BoJ members believe that conditions are ripe for a rate hike in the short term, which has injected optimism into the markets.
Although manufacturing output fell in November, the contraction was less than expected, offering some respite from weak external demand. In addition, a weaker yen benefited the automotive sector, with Toyota Motor Corp leading the gains.
Meanwhile, other Asian markets such as the Shanghai Composite and the CSI 300 posted slight gains, while South Korea's KOSPI fell more than 1.5% due to the political crisis in the country. Australia's S&P/ASX 200 was up 0.4%.
The Nikkei 225 continues to stand out as one of the strongest indices in Asia, supported by solid fundamentals and an optimistic outlook.
Ion Jauregui – ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
The Tokyo Consumer Price Index (CPI) showed a higher than expected increase in December, reinforcing expectations of a possible adjustment in the Bank of Japan's (BoJ) monetary policy. Some BoJ members believe that conditions are ripe for a rate hike in the short term, which has injected optimism into the markets.
Although manufacturing output fell in November, the contraction was less than expected, offering some respite from weak external demand. In addition, a weaker yen benefited the automotive sector, with Toyota Motor Corp leading the gains.
Meanwhile, other Asian markets such as the Shanghai Composite and the CSI 300 posted slight gains, while South Korea's KOSPI fell more than 1.5% due to the political crisis in the country. Australia's S&P/ASX 200 was up 0.4%.
The Nikkei 225 continues to stand out as one of the strongest indices in Asia, supported by solid fundamentals and an optimistic outlook.
Ion Jauregui – ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.