The Asian stock market was rising on Wednesday morning, led by technology stocks.
However, the CSI 300, which describes the stock exchange rates of the Shanghai Shanghai and Shenzhen’s stock exchanges, was 0.1 % lower to Tuesday’s final reading.
Shanghai and Shenzhen’s stock exchanges were on the rise. Hong Kong Hang Seng was 0.6 % in South Korea Kospi 1.1 % uphill.
In Japan, Nikkei 225 rally raised by 0.7 % and Topix by 0.5 %. One of the toughest tiles was Nintendowhose follow -up Goldman Sachs Restarted with a buying recommendation and 13,600 Japanese Jen target price.
The console manufacturer’s share rose 5.3 per cent to 11,340 Japanese yen. News agency Bloomberg According to the analyst target prices, the consensus is 11,491 in Japanese yen.
Goldman estimates that Nintendo will soon be launched by the new game console Switch 2 to drive the number of active users to new heights.
The technology sector was in a good position. For example, they were on the rise Samsung Electronics, SK Hynix and Sony.
Morgan Stanley’s enthusiasm is growing
Investment bank Morgan Stanley sees the Chinese stock market as attractive. For the second time this year, the bank raised stock indices to the end of the year due to earnings growth and economic outlook.
The bank expects Hang Seng to reach 25,800 points and the CSI 300 to 4,220 points. Hang Seng was 23,459 today and the CSI 300 was 3927 points.
Thus, the bank is about 7.5 percent to the CSI 300 and the Hong Kong increases by about 10 %.
China’s stock market has been successful this year, what is explained, for example, a Chinese artificial intelligence developer DeepSeekin Success and the enthusiasm for the revitalization of the state.
While waiting for the “day of liberation”
President has been interpreted as a big driver in the market recently Donald Trump Customs policy, which sometimes becomes enthusiastic news that is enthusiastic.
Trump is expected to announce newcomers on Wednesday, February 2, next week. The President has named the day’s “liberation day.”
“In the short term, Asian stock market is obsessed with ‘liberalization of the day’, Mizuho Bankin the head of the economy and strategy Vishnu Varathan Comment on Bloomberg news agency.
Japan’s yen is weakening
In the currency market, the Japanese Jen had the toughest movements of the main currency. Japan’s yen weakened by 0.44 per cent against the dollar and 0.37 per cent against EUR. The euro got 162.36 yen.
Jeni has been swinging strongly against the euro this year, but the current level is very close to the beginning of the year.
CEO of the Central Bank Kazuo Ueda Said the bank had not yet reached its inflation target. This signals that interest rates can come at a slower rate.
According to the CEO, the highly temporary factors, such as the rise of imported and food prices, are largely due to the high inflation of Japan, which are likely to be dispelled and are not the reason for tightening monetary policy.
Stock exchanges ended yesterday, both in the United States and in Europe. Stock exchange futures predict that in Germany, for example, stock markets will open up, while the United States is expected to receive a landing opener.