empty
12.01.2023 03:48 PM
Asian indices trading mixed

This image is no longer relevant

Asian stock indices are trading mixed. The Australian S&P/ASX 200 index and the Korean KOSPI added 1.14% and 0.35% respectively. Japan's Nikkei 225 gained 0.02%. Other indicators declined. The Chinese Shanghai Composite and Shenzhen Composite indices fell by 0.23% and 0.13% respectively. The Hang Seng Index of Hong Kong lost 1.14%.

The latest data on US inflation is an important report for traders. According to experts' forecasts, this indicator is expected to decrease to 6.5% from the November level of 7.1%. Such significant fluctuations in consumer prices cause strong volatility in the stock market.

Investors expect that a gradual slowdown in inflation may help ease monetary policy in the US. Some even suggest that the US regulator may decrease interest rates if there are signs of a recession in the economy.

Meanwhile, soaring inflation in China in December to 1.8% from the November level of 1.6% made investors worry. At the same time, the growth of this indicator was expected.

China's producer price index fell by 0.7% year on year in December. This is already the third decrease in this index within three months. At the same time, the index was worse than economists' forecasts, projecting a contraction by 0.1%.

Meanwhile, Chinese energy and consumer sectors' stocks increased. For example, BYD gained 4.4%, Eve Energy added 3.6%, Longi Green Energy soared by 2.2%, and Contemporary Amperex jumped by 1.7%.

Alibaba shares showed less significant growth, rising by 0.1%, while Li Auto fell by 0.2%.

Among the components of the Japanese Nikkei 225 index, Mitsubishi UFJ rose by 1.9%, Tokyo Electron added 1%, and Sony Group gained 0.8%.

At the same time, other companies in the country declined. Nintendo and Nippon Yusen fell by 1.7% each, and Fast Retailing lost 1.6%.

Korea's KOSPI index was boosted by the growth of the country's largest companies. Hyundai Motor increased by 2.1% and Samsung Electronics gained 0.3%.

Among Australian companies, the leaders of the growth were representatives of the banking sector. Commonwealth Bank and Macquarie Group increased by 1.6% and ANZ Group added 1%. Fortescue Metals rose by 2.8%, Woodside Energy added 2.1%, and BHP Group soared by 1.8%.

Meanwhile, Gold Road Resources is down 3% as last quarter's gold production fell short of market expectations.

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

US Market News Digest for April 23

The US market is showing renewed signs of instability. Positive signals about a potential de-escalation in the trade conflict with China are fueling hope, but experts warn against excessive optimism

Ekaterina Kiseleva 12:17 2025-04-23 UTC+2

Trump says markets react: Nikkei up 2%, dollar strengthens, China awaits outcome

Nikkei jumps more than 2%, S&P 500 futures continue rally Dollar jumps as Trump says he has no plans to fire Powell Hopes for China tariff easing, but no deal

Thomas Frank 10:52 2025-04-23 UTC+2

US Market News Digest for April 22

The S&P 500 and Nasdaq 100 continue to slide as mounting concerns over slowing economic growth and the impact of trade tariffs weigh on sentiment. The market remains volatile, with

Ekaterina Kiseleva 11:13 2025-04-22 UTC+2

Trump, Fed, and gold at $3,000? Markets respond to alarming signals

Investors are worried about the Fed's independence under Trump. US assets are falling, and the dollar is at a three-year low against the euro. Safe-haven currencies like

11:46 2025-04-21 UTC+2

US Market News Digest for April 21

The S&P 500 and Nasdaq slipped once again after Donald Trump lashed out at the Federal Reserve. His comments called the independence of the central bank into question, amplifying inflation

Ekaterina Kiseleva 11:41 2025-04-21 UTC+2

Trump, Fed, $3,000 Gold? Markets React to Red Flags

Investors Worried About Trump Fed Independence US Assets Fall, Dollar Hits Three-Year Low Against Euro Safe-Haven Yen, Swiss Franc Rise Gold Hits New Record High South Korea Stock Market

Thomas Frank 10:18 2025-04-21 UTC+2

US Market News Digest for April 18

Donald Trump ratcheted up his criticism against Federal Reserve Chairman Jerome Powell, once again calling for an immediate interest rate cut. This renewed political pressure adds to the tensions surrounding

Ekaterina Kiseleva 12:09 2025-04-18 UTC+2

When Giants Fall: How Alphabet and UnitedHealth Decisions Hurt the Market

Trading on U.S. stock markets ended in disarray on Thursday, with positive news from tech giants and pharma companies colliding with interest rate concerns. Market participants wavered between hopes

Thomas Frank 11:56 2025-04-18 UTC+2

Powell in danger? Can Trump fire Fed Chair and what does that mean for markets?

Donald Trump has once again set his sights on the Federal Reserve, accusing its chairman Jerome Powell of failing in monetary policy and threatening to fire him. But what lies

Аlena Ivannitskaya 08:43 2025-04-18 UTC+2

US Market News Digest for April 17

Jerome Powell's latest remarks triggered a sharp sell-off in US equities. Both the S&P 500 and the Nasdaq posted notable losses after the Fed chairman said that interest rates

Ekaterina Kiseleva 11:21 2025-04-17 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.