Asian Markets Show Positive Trends Amid China's Economic Developments

Investors in the Asia-Pacific region turned their attention to China's latest economic data, including retail sales and industrial production figures, sparking a mostly positive trend across major stock markets. The Chinese government's announcement of a "Special Action Plan to Boost Consumption" further fueled optimism, aiming to stabilize the stock market and enhance domestic consumption in the world's second-largest economy.

Market Performance Highlights

Australia's S&P/ASX 200 closed up by 0.83%, while Japan's Nikkei 225 saw a significant rise of 1.16%. Hong Kong's Hang Seng and South Korea's Kospi also enjoyed gains, increasing by 1.03% and 1.43% respectively. In mainland China, the Shanghai Composite edged up by 0.25%, though the Shenzhen Composite experienced a slight decline of 0.15%.

Currency Movements

In currency markets, the dollar strengthened against the yen, trading 0.27% higher at 7:10 am CET, with the exchange rate reaching 149.04100.