Most Asian stock markets are moving positively on Thursday as investors await the latest US inflation measure to assess the Federal Reserve’s next move in its battle to control prices.
The Japanese Nikkei 225 index strengthened by 0.4% to 27,696.08 points.
In Hong Kong the Hang Seng index is moving with marginal gains of 0.06%, while in mainland China Shanghai gains 0.2% to 3,485.91 points.
South Korea’s Kospi gained 0.1%, while in Australia the S & P / ASX 200 gained 0.3%.
The cautious moves in the Asian stock markets are coming while investors are waiting for the announcement of the Ministry of Labor on the course of prices in January. Analysts place annual inflation at a four-decade high of 7.2%, which could push the US Fed to tighten its policy faster.
Meanwhile, the Japanese government has decided to extend the measures imposed on Tokyo and other major cities to halt the pandemic for another three weeks, until March 6, in order to bring the coronavirus mutation under control.
The restrictions were scheduled to expire on Sunday. The decision to extend the measures followed the request of the governors of these areas themselves in areas where the high rate of hospitalization causes problems in hospitals.
Although more than 80% of the Japanese vaccine has given both doses of the Covid-19 vaccine, only 7% have taken the booster dose.
Source: Capital
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.
