Tokyo (AWP/AFP) – Asian scholarships have climbed in the wake of Wall Street and after conciliatory statements by Donald Trump on China, while the yen was reinforced after the rates of the Bank of Japan Bank (Boj).
Morale Invigorated, Trump reassures China
The markets in Asia were encouraged by the solid performance recorded Thursday on the New York Stock Exchange, against the backdrop of quarterly business results deemed encouraging, the enlarged S&P 500 index even rising to a new record.
“The three main American stock market indices have clearly progressed for the fourth consecutive day, and these outlets for purchasing American shares have spread to the Japanese market,” said analysts of Iwaicosmo Securities.
Donald Trump’s accommodating remarks that have further fueled a new increase in the market “, soaring investors on the risk of immediate intensification of Sino-American trade tensions, they added.
The American president told the Fox News channel that he considered “preferable not to have to impose customs duties (reinforced) on China”, according to Bloomberg News, suggesting his intention to negotiate an agreement with Beijing.
Remarks very well received on the side of Chinese scholarships: around 7:30 am in Hong Kong, the Hang Seng index jumped 1.98% to 20,089.79 points. Shanghai’s composite index took 0.59%, that of Shenzhen 0.94%.
On the Tokyo Stock Exchange, after having clearly changed the Nikkei star index has finally erased its earnings, finishing in balance (-0.07% at 39,931.98 points), just like the enlarged Topix index (- 0.03% to 2,751.04 points), in a market digesting economic forecasts in the halftone of the Bank of Japan.
The Seoul Stock Exchange earned 0.85% in the last exchanges and Sydney closed up 0.36%.
The yen shines after the boj
After a two -day monetary policy meeting, the Bank of Japan (BOJ) noted its key rate at 0.5% after a status quo in December.
Such an increase contributes to making the Japanese motto more remunerative, which had already strengthened in recent weeks in the perspective of this BOJ decision.
-After the central bank’s announcement, the Japanese currency jumped 0.71% compared to the greenback at 154.94 yen for a dollar, around 7:30 am. It also climbed 0.26% vis-à-vis the single European currency, to 162.11 yen for one euro.
Mitsubishi Plonge
Honda and Nissan, a company in difficulty, had decided in December to open negotiations for a merger which would give birth in 2026 to the third world car manufacturer.
Also associated with this announcement, Mitsubishi Motors, of which Nissan is the main shareholder, was to determine by “at the end of January” if he intended to integrate this alliance.
However, the Japanese daily Yomiuri reported on Friday that Mitsubishi could finally not participate in this alliance: the group’s title plunged almost 9% in the first exchanges on the Tokyo Stock Exchange. He finished the 6.88%withdrawal session.
Mitsubishi denied press information, ensuring continuing to study “various options”.
Oil is retreating after Trump’s call to OPEC
The oil prices continued to sink on Friday after Donald Trump invited Saudi Arabia and the organization of oil exporting countries (OPEC) to increase their production to lower prices.
Around 7:30 am, the price of a barrel of American WTI fell 0.11% to $ 74.55, and that of Brent from the North Sea from 0.09% to $ 78.22.
AFP/FR
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