Economic Indicators and Trade Tariffs Influence Market Movements

On Thursday, the Asia-Pacific region experienced varied market movements as investors analyzed the latest economic data and updates regarding US trade tariffs. South Korea's inflation rate dropped to 2%, a significant figure that caught the attention of market watchers. Meanwhile, Australia reported a January trade surplus of 5.6 billion Australian dollars, indicating a positive trend in the country's trade balance.

Stock Market Performances Across the Region

Japan's Nikkei 225 saw a growth of 0.88% by 7:16 am CET, showcasing investor confidence. Conversely, Australia's S&P/ASX 200 ended its trading session with a 0.57% loss. South Korea's Kospi advanced by 0.43% by 7:17 am CET, reflecting a cautious optimism among investors.

In mainland China, the Shenzhen Composite improved by 1.76%, and the Shanghai Composite gained 1.22% by early morning CET. Hong Kong's Hang Seng index rose significantly by 2.96%, indicating a strong market performance.

Currency Movements

At 7:19 am CET, the US dollar strengthened against the Japanese yen, trading up by 0.23% at ¥1.08174. This movement reflects the ongoing adjustments in currency valuations amid global economic developments.