Prices are Growing Significantly on the Asian Stock Market

Prices are Growing Significantly on the Asian Stock Market

Prices soared high on the Asian stock market after plunging low due to the military conflict between the U.S. and Iran in the last days. On Wednesday, after U.S. President Donald Trump assessed the situation in his speech and tensions eased marginally, American stocks went up. Additionally, the Asian market followed.

Japan’s shares and South Korean equities grew significantly, as well as Hong Kong’s shares. Traders were worried about what was to come, even though the events after the rocket attack in Baghdad took the edge off the positive Wall Street session on Wednesday night.

As it seems, the U.S. and Iran agreed to stop more profound aggression. Thus, investors are hopeful that military conflict can be averted. Later today, we can further assess the U.S. economy thanks to the non-farm jobs report. According to the data, China’s consumer inflation already steadied in December.

There are some interesting events this week, requiring consideration, such as the U.S. monthly non-farm employment report, which is due today.

Meanwhile, look over the updates in major markets:

 Stocks

  • Japan’s Topix Index rose1.6% at 3 pm. close to Tokyo.
  • Hong Kong’s Hang Seng Index climbed 1.3%.
  • South Korea’s Kospi Index advanced 1.2%.
  • Australia’s S&P/ASX 200 Index rose 0.8%.
  • The Shanghai Composite Index added 0.7%.
  • Euro Stoxx 50 contracts climbed 0.6%.
  • Futures on the S&P 500 Index grew higher. The underlying gauge advanced 0.5% on Wednesday.

Currencies

  • The euro bought $1.1113, advancing 0.1%.
  • The yen was at 109.3 per dollar, decreasing 0.1%.
  • The offshore yuan was at 6.926 per dollar, increasing 0.2%.
  • The Bloomberg Dollar Spot Index was flat. 

Bonds

  • The yield on 10-year Treasuries reduced about one basis point to 1.86%.
  • Australia’s 10-year yield increased more than four basis points to 1.23%.

Commodities

  • West Texas Intermediate crude rose 0.7% to $60 a barrel after a 4.9% decline on Wednesday.
  • Gold changed a little at $1,556.2 an ounce.
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