Asian stock markets closed mixed! KOSPI surged 3.56%, entering a bull market, while the Nikkei climbed more than 1%, and China and Hong Kong closed lower.
Asian stock markets closed mixed today (August 13, 2569), with South Korea surging more than 3% into a bull market, while Japan's stock market rose driven by buying in technology stocks. Chinese and Hong Kong markets closed lower amid pressure from economic and inflation concerns. Investors are also watching US inflation data, particularly the Producer Price Index (PPI), to assess the Federal Reserve's interest rate outlook.
Japanese stock market
The Nikkei index rose more than 1% as investors bought shares, supported by positive US inflation data that came in close to expectations, easing concerns about a September interest rate hike. Investors are now awaiting further US PPI figures to assess the direction of monetary policy.
- The Nikkei index closed at 68,308.59 points, up 784.53 points or +1.16%.
Chinese stock market
The Shanghai Composite Index closed slightly lower, as Chinese stocks were pressured by a decline in the CSI 300 index. Investors continue to monitor US economic data and inflation trends, which could impact capital flows and investment sentiment in Asian markets.
- The Shanghai Composite Index closed at 3,926.96 points, down 19.71 points or -0.50%.
Hong Kong Stock Market
The Hang Seng Index edged lower after a volatile day as investors continued to monitor the direction of the Chinese stock market and global economic factors. US inflation data and the Federal Reserve's interest rate outlook remain key factors influencing market direction.
- The Hang Seng Index closed at 25,396.51 points, down 43.66 points or -0.17%.
South Korean stock market
KOSPI surged more than 3.5% into a bull market, driven by strong buying in large-cap and technology stocks. The investment sentiment was boosted by hopes that the Fed might slow down interest rate hikes after the US July inflation figures came in as expected. Investors are also watching for PPI data to assess the future direction of interest rates.
- The KOSPI index closed at 6,813.34 points, up 234.30 points or +3.56%.
refer : www.cnbc.com
Read news related to both Thai and international stock markets here.
