Shares climbed in Asia, boosted by advances in Japanese and South Korean stocks, as trading resumed after a holiday. US equity futures declined ahead of inflation data due later Tuesday. MSCI Inc.’s Asia-Pacific equity index rose for the first time in four days, paced by stocks in South Korea, where the benchmark Kospi rose about 1% as expectations for a regulatory push to boost the local market continue. Japan’s Nikkei 225 index rose the most since November 2022, as tech shares led gains after Tokyo Electron boosted its full-year revenue and profit guidance. Markets are closed in China, Hong Kong, Taiwan and Vietnam for Lunar New Year holidays. The yen fell Tuesday to trade around 149 per dollar, down from 140 at the start of the year. Recent softness reflects comments from Bank of Japan officials that the central bank will be in no hurry to exit supportive policy. The economy is seen returning to annualized growth of 1.2% in the fourth quarter after a bruising contraction in the summer. SoftBank, one of Japan’s largest listed companies, surged as much as 11% in early trading after further gains for Arm Holdings Plc, in which it holds a stake. Arm shares jumped 29.2% in New York trading Monday and have almost tripled since listing in September. A Bloomberg gauge of semiconductor stocks in Asia was on pace for its highest close in nearly two years. Strong demand for chips, bolstered by expectations the coming boom in artificial intelligence will be a boon for manufacturers, helped Nvidia Corp. rise Monday — and briefly surpass the market value of Amazon.com Inc. Treasuries were steady in Asia ahead of January’s US consumer price index report due later Tuesday. The report is expected to show the first reading below 3% for year-over-year headline inflation since March 2021, supporting the disinflation narrative that has helped equities rally in recent months. Federal Reserve Bank of Richmond President Thomas Barkin said one simmering risk to inflation falling back toward the central bank’s target comes from US businesses. Many have boosted profit margins by raising prices in recent years — a practice that may be difficult to amend and one that would provide upward pressure for inflation. Bond traders are now more in line with the Fed’s rate trajectory, but strategists at Citigroup Inc. say the market is overlooking the risk of rate increases following the easing cycle. Elsewhere in Asia, MSCI removed 69 companies from its China and Hong Kong global standard indexes under a quarterly review, the highest number of deletions in at least two years. Bitcoin touched $50,000 for the first time since December 2021, aided by the record-breaking debut of US exchange-traded funds for the token. Oil was steady after a six-day rally ahead of a market outlook from OPEC, and as traders also monitored developments in the Israel-Hamas war. Morgan Stanley raised its year-end oil price forecast on signs of tighter supply. Gold was little changed after falling slightly Monday to trade at around $2,020 per ounce Monday.
Nikkei +2.89% Hang Seng Closed CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.0770 CNH 7.2163 CNY 7.1936 JPY 149.47 GBP 1.2621 CHF 0.8760 RUB 91.2220 TRY 30.7186 WTI$ 77.17 +0.32% Gold 2,022 +0.12% BTC 50,000 +0.25% ETH 2,648 +0.61%
S&P -0.05% Nasdaq -0.04% EuroStoxx -0.36% FTSE +0.11% Dax -0.31% SMI -0.06%
Macro :
- Peel Hunt Says Scrap UK Stamp Duty to Lure Listings: ECM Watch
- Morgan Stanley Strategists Say European Profit Views Souring
- Bernstein Strategists See Low Risk of Big European Profit Cuts
- Swedish Women Beat Men in Picking Winning Stocks, Euroclear Says
Keep an eye on :
Keep an eye on :
- AML LN : Aston Martin Is in Talks to Tackle $1.4 Billion Debt Pile
- BATS LN : BAT Plans to Sell $2.5 Billion of Stake in ITC, ET Reports
- BSLN SW : Basilea FY Revenue Misses Estimates (1)
- BEN FP : Beneteau FY Revenue Beats Estimates
- BEN FP : Beneteau FY Revenue Beats Estimates
- CTM SS : Catena Media 4Q Total Revenue EU14.5M; Updates Financial Targets
- CLXN SW : Vencora Now Controls 99.07% of Crealogix Share Capital
- DSFIR NA : DSM-Firmenich Completes Voluntary Cash Offer for DSM Shares
- FRA GY : Fraport Jan. Frankfurt Airport Passengers +11.1%
- KEMRIA FH : Kemira Holder Solidium Offers 7.78m Shares via Carnegie, SEB, Holder Prices at EU16/Share
- MBG GY : EV Slowdown Means More Pressure on Costs, ACC CEO Says
- MF FP : Michelin FY Total Segment Operating Income Beats Estimates
- ML FP : Michelin Sees Higher Wages, Lower Logistics Costs; Open on M&A, Michelin Buyback Positive, Guidance Conservative
- NEX FP : Nexans Plans Non-Deal Roadshow Meetings for Investors on Feb. 20
- NOEJ GY : Norma FY Adjusted Ebit Beats Estimates
- NSOL NO : Norsk Renewables Offers Shares at NOK0.30/Share
- NCH2 GY : ThyssenKrupp Nucera Confirms FY 2023/24 Forecast
- RAIVV FH : Raisio 4Q Adjusted EPS Beats Estimates
- RAND NA : Randstad 4Q Organic Revenue Misses Estimates
- ROG SW : Roche in Pact With Pathai to Expand Digital Pathology
- WAF GY : Siltronic Guidance Misses on Inventory Correction: Street Wrap
- STLAM IM : Stellantis to Expand EV Engine Output at Hungary, Italy Plants
- TUI1 GY : TUI 1Q Underlying Ebit Beats Estimates
- VAR NO : Var Energi Sees 2024 Production 280,000 to 300,000 BOE/D
- MF FP : Wendel Says It Hasn’t Bought Stake in French Broker Diot-Siaci
- WHA NA : Wereldhave FY EPS Beats Estimates
- WIHL SS : Wihlborgs FY Rental Income Meets Estimates
- WITH FH : WithSecure 4Q Revenue Beats Estimates
- FHZN SW : Zurich Airport Jan. Passenger Traffic +13.4%