Market Movements in Asia-Pacific

Stock markets across the Asia-Pacific region presented a mixed picture this Friday. Investors were closely analyzing the latest economic indicators from Japan, which showed a significant rise in Tokyo's annual inflation rate alongside an increase in industrial production for the month.

Japan's Economic Indicators

Japan's economic landscape was marked by a notable uptick in inflation, reaching an annual rate that caught the attention of market watchers. Additionally, the country reported a 0.3% increase in industrial production compared to the previous month. However, not all news was positive, as retail sales experienced a downturn, dropping by 0.7% in December. On the employment front, Japan's unemployment rate dipped to 2.4%, a figure that fell below expectations.

Stock Market Performance

Reflecting these economic developments, Japan's Nikkei 225 index saw a modest rise of 0.39%, or 152 points, by mid-morning. This movement was accompanied by a strengthening dollar, which appreciated by 0.37% against the yen. Meanwhile, South Korea's Kospi index wasn't as fortunate, declining by 0.86%. Australia's S&P/ASX 200, however, closed the day on a positive note, up by 0.45%. Markets in mainland China and Hong Kong remained closed in observance of the Lunar New Year celebrations.