Nikkei, Yen, Hang Seng: Asian stock markets stabilize - oil prices fall
After recent losses, investors in Asia are buying in again. Strong corporate figures and hopes for government support measures in China are providing an upswing.
Asian stock markets have stabilized after recent losses. The Nikkei-Index in Tokyo rose 0.4% to 63,559 points, while the Shanghai stock exchange gained 1.2% to 3640 points. In Japan, strong company results supported the market, although plans to almost double defense spending to 80 trillion Yen over five years drew attention. Tokyo Electron and Panasonic saw significant gains after optimistic profit forecasts, while Kioxia's shares plummeted 13.3% due to a disappointing outlook.
In China, speculation about state support measures and a cut in financing costs by the central bank boosted stock prices.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
