On Asian stock exchanges, key stock indices were clearly in the positive on Monday, the first trading day of March.
In Tokyo, the Nikkei index was up 2.4 percent and the Topix index was up 2.0 percent.
Demand for technology is reviving Asian factory production. On Monday, it emerged that Japanese industrial activity picked up at a brisk pace in two years. Korean exports, on the other hand, rose for the fourth month in a row. Admittedly, the figures for Chinese industry were weaker.
In Hong Kong, the Hang Seng Index was up 1.3 percent. In mainland China, indices advanced upwards by 0.9-2.0 percent.
The fixed income market on Monday was calmer than last week. The dollar was falling against other major currencies. In addition to the Asian stock markets, the indices predicting the opening of the Wall Street stock exchanges were also positive.
“The market is testing how serious the Fed and other central banks are. There are growth expectations and growing inflation concerns, and this is reflected in the market, ”he summed up Lexerd Capital Managementin manager Al Lord stated to Bloomberg today.
There is optimism in the air about the US recovery and new vaccines, market reviews say.
Source: Arvopaperi by www.arvopaperi.fi.
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