Asian Markets Mixed Amid Economic Data Watch
Asian Markets Mixed Amid Economic Data Watch

Asian Markets Mixed Amid Economic Data Watch

News summary

Asian markets exhibited mixed movements with Tokyo's Nikkei 225 rebounding by 2.2% after last week's significant plunge, driven by strong performances in computer chip stocks like Tokyo Electron. Contrarily, South Korea's Kospi fell by 0.3%, and Hong Kong's Hang Seng remained almost stagnant. Markets in Tokyo and Bangkok were closed due to public holidays. Investors are closely watching upcoming U.S. economic data, including inflation and retail sales, which could influence the Federal Reserve's monetary policy decisions. Global markets saw a tumultuous week, but a semblance of calm has returned, as seen by the reduced Cboe Volatility Index. The U.S. dollar strengthened slightly against the yen, amidst concerns over geopolitical tensions and global trade disruptions.

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