Pasific stocks, which have recently come to the fore with many different investment opportunities, showed mixed performance after Wall Street. This situation raises some question marks as it does not give confidence to investors.
Markets Show Stable Movement
Pacific markets were neutral on Monday after Wall Street stocks had their worst week since 2023 on Friday. It is believed that it is not correct to directly blame Asian equities for this exceptional situation.
Including Australia
Australia’s S&P/ASX 200 Index fell 1.22 percent, leading losses in the region. In South Korea, the Kosdaq rose 0.25 percent, while the Kospi fell 0.94 percent. This is expected to continue this week.
The Shenzhen Component rose 0.14 percent, while the Shanghai Composite Index gained 0.20 percent. In Hong Kong, the Hang Seng Index recouped its losses in the early morning hours, climbing 0.14 percent, while the Hang Seng Technology Index fell 0.26 percent.
Central Bank Governor Delivers Speech In Japan
Although Bank of Japan Governor Kazuo Ueda is scheduled to address the upper house later in the day, the Nikkei 225 fell 0.18 percent while the Topix rose. Basically, a downward movement continues to be observed in all world stock markets. For this reason, even the central bank teams that have gathered to quickly assess the process are finding it difficult to directly intervene in the downward trend.
Despite the unexpected rise in the Federal Reserve’s preferred inflation indicator last month, Wall Street’s stock indexes closed the week sharply lower.
The S&P 500 fell 2.7%, its lowest weekly performance since Dec. 9. The Dow Jones Industrial Average fell nearly 3%, posting its fourth consecutive weekly loss. The Nasdaq Composite, meanwhile, ended the week down 3.3%, posting its second weekly loss in three weeks.
You might check: There May Be A Sui Blockchain Airdrop Happening