{"id":3621,"date":"2025-01-31T12:36:40","date_gmt":"2025-01-31T12:36:40","guid":{"rendered":"https:\/\/www.niftytrader.in\/nifty-demo\/?p=3621"},"modified":"2025-01-31T12:36:40","modified_gmt":"2025-01-31T12:36:40","slug":"asia-pacific-markets-mostly-rise-as-wall-street-gains-overnight","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/asia-pacific-markets-mostly-rise-as-wall-street-gains-overnight\/","title":{"rendered":"Asia-Pacific Markets Mostly Rise as Wall Street Gains Overnight"},"content":{"rendered":"

February 2, 2025<\/em> \u2013 Asian markets<\/strong> mostly gained on Friday, following Wall Street\u2019s<\/strong> overnight rise, as investors digested the latest earnings from Big Tech<\/strong> companies. Japanese stocks led the way, with both the Nikkei 225<\/strong> and Topix<\/strong> indexes advancing for the third consecutive day.<\/p>\n

Japan\u2019s Market Performance: Nikkei 225 and Topix Rise<\/strong><\/h3>\n
    \n
  • Nikkei 225<\/strong> rose by 0.15%<\/strong>, closing at 39,572.49<\/strong>.<\/li>\n
  • Topix index<\/strong> gained 0.24%<\/strong>, closing at 2,788.66<\/strong>.<\/li>\n<\/ul>\n

    Japan\u2019s consumer price index<\/strong> (excluding fresh food) rose 2.5%<\/strong> year-on-year in January<\/strong>, slightly higher than the previous month\u2019s rise of 2.4%<\/strong> and in line with Reuters<\/strong> estimates. Additionally, Japan’s unemployment rate<\/strong> for December<\/strong> fell to 2.4%<\/strong>, surpassing expectations of 2.5%<\/strong>. Meanwhile, retail sales<\/strong> for December climbed 3.7%<\/strong> year-on-year, and industrial output<\/strong> grew by 0.3%<\/strong> month-on-month, recovering from a 2.2% decline<\/strong> in November.<\/p>\n

    South Korea\u2019s Kospi Retreats, Australia Hits All-Time High<\/strong><\/h3>\n
      \n
    • South Korea\u2019s Kospi<\/strong> retreated 0.77%<\/strong>, ending the day at 2,517.37<\/strong>.<\/li>\n
    • The small-cap Kosdaq<\/strong> closed flat at 728.29<\/strong> following a four-day break<\/strong>.<\/li>\n<\/ul>\n

      In Australia<\/strong>, the S&P\/ASX 200<\/strong> rose for the third straight day, closing at an all-time high<\/strong> of 8,532.30<\/strong>, a 0.45%<\/strong> gain. The Producer Price Index<\/strong> (PPI) for Australia<\/strong> rose 3.7%<\/strong> year-on-year in the December 2024 quarter<\/strong>, indicating strong inflationary pressure.<\/p>\n

      Indian Market Update: Pre-Budget Optimism Drives Gains<\/strong><\/h3>\n

      Indian stocks showed positive movement ahead of the country\u2019s Union Budget<\/strong> on February 3, 2025<\/strong>. The Nifty 50<\/strong> gained 1.18%<\/strong>, while the BSE Sensex<\/strong> advanced by 0.94%<\/strong> by 1:30 PM local time. Investors are closely watching for potential tax relief and infrastructure spending announcements in the upcoming Budget.<\/p>\n

      Hong Kong<\/strong> and Chinese markets<\/strong> remained closed for the Lunar New Year<\/strong> holiday.<\/p>\n

      U.S. Markets Overview: Strong Gains Despite Late Session Volatility<\/strong><\/h3>\n

      Overnight, U.S. markets<\/strong> ended in the green:<\/p>\n

        \n
      • Dow Jones Industrial Average<\/strong> climbed 168.61 points<\/strong> (0.38%) to close at 44,882.13<\/strong>.<\/li>\n
      • S&P 500<\/strong> rose 0.53%<\/strong> to 6,071.17<\/strong>.<\/li>\n
      • Nasdaq Composite<\/strong> gained 0.25%<\/strong>, closing at 19,681.75<\/strong>.<\/li>\n<\/ul>\n

        However, stocks trimmed gains towards the end of the session after President Donald Trump<\/strong> announced intentions to implement 25% tariffs<\/strong> on U.S. imports from Canada<\/strong> and Mexico<\/strong>.<\/p>\n

        SK Hynix Shares Plunge Over 11% as South Korean Markets Resume<\/strong><\/h3>\n

        SK Hynix<\/strong>, a key supplier to Nvidia<\/strong>, saw its shares plummet by 11.8%<\/strong> after South Korea\u2019s markets<\/strong> reopened following a four-day break. The chipmaker is under pressure as Chinese AI startup DeepSeek<\/strong> challenges the global leadership of the U.S. in artificial intelligence. Samsung Electronics<\/strong> also faced a decline, with shares dropping 2.61%<\/strong> after missing fourth-quarter profit estimates and reporting a sharp decline from the previous quarter.<\/p>\n

        Gold Futures Hit Fresh All-Time High<\/strong><\/h3>\n

        In commodities, gold futures<\/strong> hit a fresh all-time high<\/strong> as investors reacted to the latest U.S. GDP data<\/strong>, which showed slower-than-expected growth for the fourth quarter<\/strong> of 2024.<\/p>\n

          \n
        • Gold futures<\/strong> on the New York Mercantile Exchange<\/strong> traded at $2,852.5 per ounce<\/strong>.<\/li>\n<\/ul>\n

          Trevor Yates<\/strong>, senior investment analyst at Global X ETFs<\/strong>, noted that the slower-than-expected GDP growth could prompt the Federal Reserve<\/strong> to adopt a more dovish stance<\/strong>, allowing inflation to run hotter for longer and pushing real interest rates<\/strong> lower. Gold prices tend to have an inverse relationship<\/strong> with interest rates, benefiting from a lower rate environment.<\/p>\n

          Asian markets showed mostly positive movements on Friday, driven by Wall Street\u2019s overnight gains and positive sentiment around global economic data. Japan\u2019s economic indicators showed strong signs of resilience, while Australian stocks hit an all-time high. However, SK Hynix<\/strong> and Samsung Electronics<\/strong> faced setbacks, reflecting some weakness in the semiconductor sector. As the global markets continue to assess the economic landscape and earnings reports, investors will keep a close eye on developments ahead of key budget announcements in India and any further shifts in global monetary policies.<\/p>\n","protected":false},"excerpt":{"rendered":"

          February 2, 2025 \u2013 Asian markets mostly gained on Friday, following Wall Street\u2019s overnight rise, as investors digested the latest earnings from Big Tech companies. Japanese stocks led the way, with both the Nikkei 225 and Topix indexes advancing for the third consecutive day. Japan\u2019s Market Performance: Nikkei 225 and Topix Rise Nikkei 225 rose […]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[41],"class_list":{"0":"post-3621","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":41,"user_id":1,"is_guest":0,"slug":"niftynews","display_name":"NiftyTrader","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/01\/Logo-1.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/01\/Logo-1.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/3621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=3621"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/3621\/revisions"}],"predecessor-version":[{"id":3623,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/3621\/revisions\/3623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/3622"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=3621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=3621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=3621"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=3621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}