Asian stock markets are moving with mixed signs on Friday after yesterday’s record on Wall Street, with Japanese stocks drawing momentum from the new stimulus package announced by the country’s government.
The Japanese Nikkei 225 is up 0.5% to 29,745.87 points after Prime Minister Fumio Kishida announced that the government will launch a new stimulus package at a cost of about 56 trillion. yen ($ 490 billion).
The yen was not affected by the news and is heading for small losses on a weekly basis, at $ 114.33 per dollar, remaining close to the five-year low of $ 114.97 a few days ago.
The data that showed that inflation slowed to 0.1% in October from the same period last year, from 0.2% in the previous month, also attracted investment attention.
In Hong Kong, Hang Seng lost 1.2% under the weight of the big losses of the Chinese giant Alibaba. Alibaba shares fell more than 10% after the announcement of the results of the second quarter, which failed to confirm the estimates.
In mainland China, Shanghai Composite is up 1.1%. In South Korea the Kospi index gains 0.8%, while in Australia the S & P / ASX 200 moves with small gains of 0.2%. Indicators in Singapore and Taiwan recorded small losses.
On Wall Street, the S&P 500 and Nasdaq closed at new highs on Thursday, while industrial Dow Jones fell 0.2% to 35,870.95.
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I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.