Märkte Asien: Hoffnung auf Zinspause beflügelte asiatische Börsen
Die japanischen Investoren schöpften Mut und hofften, dass die amerikanische Fed ihren Leitzins erst einmal nicht weiter antastet. In China waren die Börsen geschlossen.
Asian stock markets were driven by the prospect of a pause in US interest rates at the start of the week. The Nikkei index in Tokyo rose 2.5% to 70,038 points on Monday, while the broader Topix increased by 1.2% to 4,139. However, trading volume was low due to the Shanghai market being closed for a public holiday. The Shanghai and Shenzhen indices were also not traded.
Trading was also halted in South Korea and parts of Australia. US labor market data, which came in weaker than expected, tempered investor concerns about further aggressive rate hikes by the US Federal Reserve. "Overall, labor market conditions are stable, but the downward revisions from Friday signal that the US economy lost jobs in two of nine months this year," said Jose Torres, chief economist at Interactive Brokers.
The risk of further job losses implies the Fed might not raise rates by another 100 basis points. This development made the Japanese indices the clear winners of the Asian trading day. Investors now only see a 22% probability of a rate hike this month, down from 64% the previous week. Company-specific news and winners and losers for individual stocks were lacking due to Chinese holidays, so Asian markets followed the positive cues from US exchanges.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
