Japan's Economic Indicators Influence Asia-Pacific Markets
On Friday, the Asia-Pacific stock markets showed mixed reactions in response to Japan's latest economic data. The reports included expected annual inflation and unemployment rates, a less-than-anticipated monthly drop in industrial production, and a stronger-than-expected yearly increase in retail sales. Meanwhile, South Korea continues to face political instability following the impeachment of President Yoon Suk-yeol and his controversial declaration of martial law.
Market Movements Across the Region
Japan's Nikkei 225 surged by 1.88% or 723 points at 7:23 am CET, as the dollar slightly weakened against the yen. Conversely, South Korea's Kospi experienced a decline of 0.80%. Australia's S&P/ASX 200 closed the day 0.50% higher. In mainland China, the Shanghai Composite remained unchanged, while the Shenzhen Composite saw a modest increase of 0.08%. Hong Kong's Hang Seng also remained stable at 7:26 am CET.
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