Asian Markets Experience Significant Gains

On Thursday afternoon, the Asia-Pacific region's major stock indexes witnessed a notable uptick, as investors keenly analyzed the latest economic data. This included reports on Japanese producer inflation and Australia's unemployment rate, alongside the Bank of Korea's decision to keep its interest rate steady at 3%. In the corporate sector, Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) released its financial results for the fourth quarter of 2024, adding to the market's positive momentum.

Stock Indexes and Currency Movements

Japan's Nikkei 225 saw a rise of 0.63%, while Hong Kong's Hang Seng and South Korea's Kospi Composite jumped by 1.13% and 1.18% respectively by 7:21 am CET. Mainland China's Shanghai Composite and Shenzhen Composite also climbed by 0.24% and 0.48%. The Australian S&P/ASX 200 closed with a significant increase of 1.38%. Meanwhile, the dollar experienced a slight dip, trading 0.15% lower against the yen at ¥156.20700 by 7:22 am CET.