empty
23.01.2023 11:52 PM
Main Japanese and Australian indicators were rising

This image is no longer relevant

Most Asian markets were closed on Monday for the Lunar New Year holidays. Meanwhile, Australia's S&P/ASX 200 was up 0.05% and Japan's Nikkei 225 added 1.33%. At the end of last week, China's Shanghai Composite and Shenzhen Composite gained 0.76% and 0.65% respectively, Korea's KOSPI gained 0.63% and Hong Kong's Hang Seng Index gained the most, adding 1.82%.

Asian markets were trading higher due to positive dynamics of US indicators, which demonstrated growth up to 3% at the end of the last week.

In addition, investors expect to see positive changes in the Chinese economy as Beijing rapidly eased Covid restrictions.

Starting this week, the largest companies will release their corporate reports, which will also influence investors' moods. Microsoft and Visa are set to announce their results for the last quarter of 2022.

Among Japanese companies, Resonac led gains, up by 3.4%, Rakuten climbed 3.2%, Konica Minolta and Keyence added 3.1% and 2.9% respectively.

Slightly smaller gains were posted by Tokyo Electron and Fast Retailing which gained 2.4% and 2.3% respectively, SoftBank Group which gained 1.8%, Recruit Holdings which gained 1.6%, Advantest and Nissan Motor which gained 1.4% and 1.3%. Nintendo shares gained 0.6%, Toyota Motor gained 0.5% and Sony gained 0.4%.

At the same time, Aeon Hokkaido, Co. dropped 9.8% immediately after announcing its plans to offer 16.1 million shares to increase the number of shares available for trading in the market to maintain its listing status on the Tokyo Stock Exchange. Aeon, the parent, currently owns 105.3 million shares of Aeon Hokkaido, or 76% of outstanding shares.

The Australian stock market was higher, contributed by the increase in the value of Block shares, which rose by 7.4%, Altium and BrainChip Holdings, which added 1.5% in each case, Xero, which increased by 1.4%.

Treasury Wine Estates shares rose 0.9% and Megaport rose 0.4%.

At the same time, shares of other major companies in the country declined: shares of BHP fell in price by 1.1% and Rio Tinto fell by 0.7%.

Anastasia Kravtsova,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Falling indices, Tesla's surge, and Julius Baer's collapse: a day of sharp contrasts in the markets

Rge benchmark stock indices are falling: * Dow -0.27%, * S&P 500 -0.39%, * Nasdaq -0.38% Tesla is rising after Musk announced his willingness to return as CEO. Home Depot

12:40 2025-05-21 UTC+2

US Market News Digest for May 21

Following a staggering $8.6 trillion rally, the US market is showing signs of fatigue. Despite negative macroeconomic indicators and the recent US credit rating downgrade, Morgan Stanley maintains a bold

Ekaterina Kiseleva 12:23 2025-05-21 UTC+2

The Dollar Is No Longer King. What You Need to Know

Historically, the U.S. dollar has been the primary safe haven during crises such as wars, sanctions, and banking shocks; investors tend to flock to the dollar as their ultimate safety

Anna Zotova 00:59 2025-05-21 UTC+2

US Market News Digest for May 20

Despite the downgrade of the US credit rating and rising Treasury yields, retail investors remain active buyers of equities. Net purchases have surged to a record $4 billion, signaling confidence

Ekaterina Kiseleva 12:16 2025-05-20 UTC+2

Market Gains Modestly: Dow +0.32%, Nasdaq +0.02%, but Novavax Soars After Vaccine Approval

Dow Up 0.32%, S&P 500 Up 0.09%, Nasdaq Up 0.02% TXNM Energy Rises After Blackstone Deal Novavax Jumps After FDA Approval of Coronavirus Vaccine European Stocks Rise Slightly, as Utilities

Thomas Frank 11:18 2025-05-20 UTC+2

Bitcoin: What to Expect This Week. BTC Hits $107,000 – Can the Record Hold?

The leading cryptocurrency is fighting to maintain its position, even though it's not always smooth sailing. Currently, BTC is out in front, slightly simplifying the task of holding higher ground

Larisa Kolesnikova 00:40 2025-05-20 UTC+2

US consumption losing steam

In the upcoming week, Wall Street's attention will be focused on earnings reports from the largest US retail chains — crucial indicators of how changing trade conditions are impacting

13:30 2025-05-19 UTC+2

US Market News Digest for May 19

Despite encouraging statements about progress in trade negotiations and high-level diplomatic visits, forecasts for the S&P 500 remain restrained. Analysts point to the index's lack of growth compared

Ekaterina Kiseleva 12:20 2025-05-19 UTC+2

The American consumer is slowing down: What Target, Lowe's and Walmart are saying

Wall Street will be focused on earnings reports from the largest US retailers this week to gauge how changing trade conditions are affecting the economy and whether the recent stock

Thomas Frank 10:35 2025-05-19 UTC+2

US Market News Digest for May 16

Shares of Micron Technology are extending their steady rally, bolstered by encouraging technical signals. Investors are eyeing price targets at 117.34 and 137.12, making the stock attractive in both

Ekaterina Kiseleva 13:20 2025-05-16 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.