Nikkei closed the market positive at 329.30 points, close to making an all-time high. Because it rose in line with the Dow Jones Index.
The Nikkei index of the Tokyo stock market closed positive today (February 16), reaching its highest level in 34 years and close to touching its all-time high. Because it rose in line with the Dow Jones index, the US stock market closed higher yesterday. Amid speculation that the US Federal Reserve (Fed) may cut policy interest rates sooner than expected. After the United States revealed retail sales fell more than expected.
Kyodo news agency reported that Nikkei Index The market closed at 38,487.24 points, an increase of 329.30 points or +0.86%, which is the highest level since January 4, 2533.
Today's gains were led by oil and coal, mining and mining sectors. and real estate group
in early trading The Nikkei surged close to an all-time intraday high of 38,957.44 hit in December. 2532 before shrinking down
Semiconductor stocks continue to support the market. It rose in line with shares of US chip-making equipment maker Applied Materials Inc., which reported stronger-than-expected earnings. But this group of stocks has lost buying power during this period. This is because investors are keeping an eye on Nvidia's US stock results that will be announced next Wednesday (Feb. 21).
The South Korean Stock Market Composite Index closed positive today (Feb. 16) as investors were hopeful that The US Federal Reserve (Fed) will lower interest rates. After US retail sales fell more than expected.
The South Korean won weakened against the US dollar.
The South Korea Stock Exchange Composite Index (KOSPI) closed at 2,648.76 points, up 34.96 points or +1.34%, with trading volume of 584.7 million shares, valued at 10 trillion won (US$7.48 billion), and more negative stocks than stocks. Adding in the proportion of 627 to 249
The S&P/ASX 200 Australian stock market index closed positive today. By adjusting to the direction of Asian stock markets that rebounded strongly today. Amid speculation that the US Federal Reserve (Fed) will begin cutting interest rates soon. After the US reported retail sales fell more than expected.
The S&P/ASX 200 Index closed at 7,658.30 points, an increase of 52.60 points or +0.69%, and the All Ordinaries Index closed at 7,905.60 points, an increase of 53.90 points or +0.69%.
The US Department of Commerce revealed that Retail sales fell 0.8% in January month-on-month. Analysts expect it to fall only 0.3% after increasing 0.4% in December and year-on-year. Retail sales rose just 0.65% after jumping 5.3% in December.
CME Group's latest FedWatch Tool indicates that investors are placing 40% weight on expectations that The Fed will cut interest rates in May. This figure increased from before the US retail sales were released.
The Hang Seng Index on the Hong Kong stock market closed positive today (16 Feb.), supported by reports that Many fund managers have bought shares in Chinese technology companies listed on the Hong Kong stock exchange.
The Hang Seng Index closed at 16,339.96 points, up 395.33 points, or +2.48%.
In addition, the Hong Kong stock market also received support from predictions that The US Federal Reserve (Fed) may start cutting interest rates soon. After the US Department of Commerce revealed that Retail sales fell 0.8% in January month-on-month. Analysts expect it to fall just 0.3% after increasing 0.4% in December and year-on-year. Retail sales rose just 0.65% after jumping 5.3% in December.
CME Group's latest FedWatch Tool indicates that investors are placing 40% weight on expectations that the Fed will cut interest rates in May. This figure increased from before the US retail sales were released.
China's stock market is closed for the Chinese New Year festival. and will resume trading on Monday, February 19.
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