Stocks in Hong Kong reached the highest three-year levels while investors estimate data on inflation in Japan.
Stocks in Hong Kong reached the highest level in three years in three years, leading the region as investors strangered information on inflation from Japan with the threats of US President Donald Trump.
The Hong Kong Hang Seng Index increased 2.98% to the highest level from February 2022, according to LSEG data. Hang Seng Tech Index added 4.97%. Alibabe shares listed on the stock market in Hong Kong increased by 12.9% after a significant increase in the company in the December quarter, prompted by the Cloud Intelligence Department and the E-Trade Department, SEEbiz. The CSI 300 index in continental China increased by 1.12%.
Japanese Nikkei 225 added 0.25%, while Topix remained unchanged. Inflation rate in Japan climbed 4% in January, reaching the highest level since January 2023. Fundamental inflation – which excludes fresh food prices – by 3.2%, exceeding 3.1%.
South Korean Kospi traded unchanged while adding 0.76% with small capitalization.
Australian S & P / ASX 200 slipped 0.32% and closed the trading day at 8,296.2.
