SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Up on Asian Stock Exchanges Ahead of Busy Week

» Published: 29 July 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.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
3 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street

Billion Fines for American Express
1 MIN READ

Billion Fines for American Express