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Mixed trend prevails in Asian stock markets

Mixed trend prevails in Asian stock markets

 

Asian stock markets followed a mixed course. After the better-than-expected data in the USA yesterday, the disintegration between the indices close to the closing drew attention in the Asian stock markets, which started the day with buyers, with the concerns of inflation and recession being put into the background.

After the Bank of Japan (BoJ) widened the band for long-term bond rates, the 10-year bond yields in the country rose and stabilized at 0.44 percent. On the other hand, the government’s raising its growth forecast for the next fiscal year positively affected the risk appetite.

Mixed trend prevails in Asian stock markets

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With these developments, Shanghai composite index in China decreased by 0.5 percent to 3,054 points, while Kospi index in South Korea increased by 1.2 percent to 2,357 points.

In Japan, the Nikkei 225 index gained 0.5 percent and closed at 26,508 points. The dollar/yen parity was stabilized at 132, 0.3 percent below the previous closing level.

In India, the Sensex index fell 0.3 percent to 60,866 points, while the Hang Seng index in Hong Kong rose 2.7 percent to 19,675 points.

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