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Up on Asian Stock Exchanges Ahead of Busy Week

» Published: July 29 2024

Up on Asian Stock Exchanges Ahead of Busy Week
Photo: Japan Pool/Kyodo News via AP/TT

The trend pointed upwards on leading Asian stock exchanges in the initial Monday trading.

Tokyo's Nikkei 225 index was up 2.0 percent at lunch local time, while the broader Topix index indicated a plus of 1.9 percent.

Hong Kong's Hang Seng was simultaneously up 1.2 percent.

Shanghai's and Shenzhen's composite index were down 0.1 percent and 0.8 percent, respectively.

In South Korea, the Kospi index stood at 1.1 percent.

The market is recovering somewhat after last week's somewhat shaky week, when several American tech giants fell on the stock exchanges. Some analysts have expressed concerns about a possible AI bubble, but that concern seemed dampened on Friday when all of Wall Street's leading indices closed above 1 percent.

The focus this week lies, among other things, on interest rate decisions from the central banks in Japan and the USA on Wednesday, as well as from the UK's central bank on Thursday. Investors will also be looking at Microsoft, Amazon, and Apple's earnings reports.

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By TTThis article has been altered and translated by Sweden Herald
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