Market

Asia-Pacific Markets React to Japan's Producer Prices and Diplomatic Plans

Asia-Pacific Markets Show Mixed Reactions

Following Japan's announcement of a 4.2% annual rise and a 0.3% monthly increase in producer prices, major stock market indexes in the Asia-Pacific region experienced varied movements. Investors are also keenly awaiting Sony Group Corporation's latest earnings results, adding to the market's anticipation.

Japan's Market Surge and Currency Fluctuations

Japan's Nikkei 225 saw a significant surge, increasing by 1.33% or 518 points, as the dollar weakened against the yen. Meanwhile, South Korea's Kospi and Australia's S&P/ASX 200 showed modest movements, with the latter closing flat.

China and Hong Kong Markets

In mainland China, both the Shanghai Composite and Shenzhen Composite remained stable. However, Hong Kong's Hang Seng index experienced a notable jump, increasing by 2.82% or 619 points, indicating a positive investor sentiment in the region.