Asian stock markets are moving with strong gains on Thursday in the aftermath of the decisions of the US Federal Reserve and after yesterday’s announcements from Beijing that the stability of the markets will be preserved.
Hopes that China will launch new stimulus measures and some signs that Ukraine-Russia talks are making progress have helped improve the climate.
The Nikkei climbed to a two-week high following strong Wall Street gains following the Federal Reserve’s decision to raise interest rates by 25 basis points, confirming analysts’ estimates. This was the first rate hike since 2018.
In particular, o Nikkei with a jump of 3.46% climbed to 26,652.89 points. In China, the Shanghai composite gained 1.40% and the Shenzhen component added 2.41%. At the same time, in Hong Kong, the Hang Seng marks a “jump” of 6.20% while in Australia the S & P / ASX 200 strengthened by 1.05%.
At the macro of the day, Unemployment in Australia fell to 4% in February, the lowest level since August, bringing the economy closer to full employment and intensifying pressure on the central bank to raise interest rates for the first time since 2010.
The economy created 77,400 jobs in February, much higher than expected by 37,000 /
Full-time employment increased by 121,900 jobs during the month.
Source: Capital
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