Asian markets comment on the discrepancy amid a rise in technology stocks and a decline in the Japanese index
Asian stock indices closed during today’s trading, Friday – the end of the week’s trading – with a mixed performance following a lackluster session on Wall Street.
In terms of trading, the index rose ASX/S&P 200 The Australian dollar rose by 0.19% to close at 8634.6.
The Japanese benchmark Nikkei 225 index fell by 1.05%, closing at 50491.87, while the Topix index fell by a similar percentage to 3362.56.
London Stock Exchange Group data showed that 10-year Japanese government bond yields rose to 1.94%, the highest level since July 2007.
In South Korea, the KOSPI index added 1.78% to 4100.05, while the KOSDAC index fell 0.55% to 924.74, and the Hague Seng index in Hong Kong rose 0.5%, while the index rose CSI 300 in mainland China increased by 0.84% to reach 4584.54.
Markets are closely watching technology stocks amid recent fears of a bubble.
In India, the index rose Nifty 50 by 0.2% after the Reserve Bank of India cut the key interest rate, by 25 basis points to 5.25%, in line with economists’ expectations.
The Monetary Policy Committee in India said that the reduction was unanimous among its members, noting “weakness in some key economic indicators,” although general inflation has declined significantly and is expected to be reviewed to lower levels in the first quarter of 2025, according to Bank Governor Sanjay Malhotra.
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