Forex Analysis & Reviews: Main Japanese and Australian indicators were rising
time 23.01.2023 11:52 PM
time Relevance up to, 24.01.2023 01:49 PM

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
© 2007-2023
Euro vs US Dollar
Select timeframe
Start trade
Start trade

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Grand Choice
    Contest by
    InstaForex always strives to help you
    fulfill your biggest dreams.
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account

Recommended Stories

Oil prices edge up, and Russia transfers record volumes on high seas

Oil is steadily rising in trading on Thursday amid expectations of increased demand. The easing of some quarantine restrictions in China promises the market a recovery in consumption this year

Natalia Andreeva 22:52 2023-01-26 UTC+2

Asian stocks move in different directions again

Asian equities were moving in different directions on Thursday. The Hong Kong stock exchange trading resumed, and the Hang Seng Index immediately showed an increase of 2.02%. The Korean KOSPI

22:52 2023-01-26 UTC+2

Winter for the dollar, summer for the euro: USD doesn't know how to get out of the pit

The dollar is still stuck in the financial pit. The greenback fell to an 8-month low on Thursday, once again yielding to the euro. Market participants expect

Larisa Kolesnikova 08:14 2023-01-26 UTC+2

US stock market closed mixed, Dow Jones up 0.03%

The US stock market ended Wednesday's trading in different directions due to the strengthening of the telecommunications, consumer services and finance sectors. The market demonstrates against the backdrop of negative

Thomas Frank 04:16 2023-01-26 UTC+2

The pound is resisting the downturn

The British currency successfully resists the downtrend, although the periodical GBP slump gives investors a reason to be pessimistic. However, sterling refuses to stand still. At the beginning

Larisa Kolesnikova 08:42 2023-01-25 UTC+2

USD/JPY: Every day is the last

Every day the dollar-yen asset feels the approaching end and tries to postpone it in every way possible. This week, the greenback and the yen are showing an unquenchable thirst

Аlena Ivannitskaya 08:36 2023-01-25 UTC+2

GBP/USD. The pound is having a nervous breakdown, but not for long

The pound is unstable on Tuesday as markets wager on the past and upcoming events. The risk of Britain's slide into recession has worsened the pound's prospects ahead

Anna Zotova 22:47 2023-01-24 UTC+2

Japanese and Australian indicators continue to rise

The Japanese and Australian indices were up to 1.6%. The Australian S&P/ASX 200 gained 0.45% and the Japanese Nikkei 225 added 1.59%. In China, Hong Kong, and Korea, exchanges

15:18 2023-01-24 UTC+2

USD/JPY struggles to maintain balance

USD/JPY is trying to maintain its balance, but few are confident in the US dollar's position. It is only a matter of time before USD slips and drops down

Аlena Ivannitskaya 07:51 2023-01-24 UTC+2

Is the euro going backwards? It's not the dollar's fault

The "adventures" of the European currency continue: the markets are closely watching its values, having switched from the greenback for a while. The latter is also experiencing some volatility

Larisa Kolesnikova 07:40 2023-01-24 UTC+2
Can't speak right now?
Ask your question in the chat.