Japan's Nikkei climbs over 2% to close above 39,000 — surpasses all-time high hit in 1989
Publishing timestamp: 2024-02-22 03:06:53
Summary
Japan's Nikkei hit a record high, other Asia-Pacific markets traded in green. Japan's Jibun Bank flash purchasing managers' index showed contraction, but Australia's Judo Bank composite purchasing managers' index indicated growth. South Korea's Kospi rose as Goldman Sachs suggested a rate cut. U.S. markets closed mixed. Japan's Nikkei 225 led gains in Asia, powered by banking, electronics, and consumer stocks. Bank of Korea could be one of the first in the region to cut rates. Strong rebound in exports and ongoing disinflation trend could influence the decision. au Jibun Bank's flash Japan manufacturing purchasing managers' index fell, while Australia's Judo Bank composite purchasing managers' index showed growth. JP Morgan identified top European stocks with upside potential. Treasury yields dropped, leading investors to exit cash and consider other income-generating assets. Crude oil futures rose as Federal Reserve officials indicated interest rates may have peaked. Tensions continued in the Middle East.
Sentiment: MIXED
Tickers: .DJI, .KS11, @LCO.1, .N225, 8304.T-JP, 5801.T-JP, .HSI, 9983.T-JP, .IXIC, 8035.T-JP, 9984.T-JP, 4004.T-JP, .SPX, @CL.1, .AXJO,
Keywords: kospi index, australia, breaking news: markets, markets, business news, united states, economic events, nikkei 225 index, japan,