Asian-Pacific Markets Experience Decrease in Prices
Shares of Samsung Electronics dropped by 2.88%, while those of SK Hynix decreased by 1.41%.
Reasons for the Decrease
Asian-Pacific markets saw mainly decreases on Friday, following the declines on Wall Street on Thursday. One of the reasons for this is the cooling of investor interest in stocks of major players in the artificial intelligence sector, as the increasing likelihood of interest rate cuts by the Federal Reserve in September strengthens optimism in the broader market.
Impact of Inflation on Small Cap Stocks
In recent days, the rise in inflation has had a significant impact on the stocks of companies with small market capitalization.
Inflation in Japan
According to data released today, inflation in Japan reached 2.8% in June, unchanged from May. However, the core inflation, which excludes fresh food prices, accelerated from 2.5% in May to 2.6% in June. This core inflation figure is lower than the expected 2.7% in a Reuters survey of economists.
The Japanese Nikkei 225 index ended the day with a 0.16% decrease at a level of 40,063.79 points, while the broader market index
Japanese Central Bank Expected to Keep Interest Rates Unchanged
It is unlikely that the central bank in the Land of the Rising Sun will raise interest rates at its July meeting, as it aims to support economic growth, according to over 75% of economists surveyed by Reuters.
Japanese Chip-Related Stocks Rebound
Japanese chip-related stocks bounced back from losses on Thursday, with semiconductor suppliers seeing price increases. Tokyo Electron’s shares ended the session up 2.30%, while Advantest’s shares rose by 1.57%.
Hong Kong’s Hang Seng Index
The Hang Seng Index in Hong Kong…
Stock Markets in Asia Close Mixed
Asian stock markets closed with mixed results today, with the Japanese Nikkei 225 index rising by 2.02% and the CSI 300 index in mainland China advancing by 0.51%, closing at 3539 points.
The South Korean Kospi index lagged behind, dropping by 1.02% to 2795.46 points. This week, it recorded a loss of 2.15%, marking its biggest weekly decline since April 15th. The Kosdaq index, which measures small-cap companies, rose by 0.76% to close at 828.72 points.
Related Articles
Shares of Samsung Electronics fell by 2.88%, while those of SK Hynix dropped by 1.41%.
Taiwanese chip manufacturers also saw a decline in their stock prices, with… (continue with analysis of Taiwanese chip manufacturers)
Taiwan Semiconductor Manufacturing Company
Shares of Taiwan Semiconductor Manufacturing Company fell by 3.48%, while Hon Hai Precision Industry dropped by over 2%.
Taiex Index
The Taiwanese Taiex Index decreased by 2.26%, closing the session at 22,869.26 points.
S&P/ASX 200 Index
The Australian S&P/ASX 200 Index declined by 0.81%, closing at 7,971.6 points.
US Stock Market
In the US on Thursday, all three major indices saw losses, with the Dow Jones Industrial Average falling by 1.29%, the S&P 500 by 0.78%, and the Nasdaq Composite by 0.7%.
Stay updated on all market news by following Investor.bg and Google News Showcase.
