- BIST10011,798+3.22%
- USD49.55+0.21%
- EUR55.57-0.09%
- GOLD4,141.40-0.45%
- INTEREST37.00%-1.00
- BITCOIN82,570+0.89%
- October 20, 202620°
- BIST10011,798+3.22%
- USD49.55+0.21%
- EUR55.57-0.09%
- GOLD4,141.40-0.45%
- INTEREST37.00%-1.00
- BITCOIN82,570+0.89%
- October 20, 202620°
Mixed Trend in Asian Stock Markets: Kospi Hits Record
Uncertainty in the US-Iran tension affects Asian stock markets. South Korea's Kospi index hit a record with technology stocks, while Japan and China stock markets...
Despite optimistic messages suggesting an end to the US-Iran tension and expectations that the Strait of Hormuz may reopen, no concrete diplomatic agreement has yet been reached. This situation continues to raise questions about whether the pullback in oil prices will be permanent, while investors are observed to approach the process cautiously. A significant drop in crude oil inventories in the US increases the importance of the talks. Meanwhile, Deputy Governor of the Bank of Japan Ryozo Himino stated that they are monitoring developments in the Middle East and evaluating the timing of interest rate hikes. In money markets, a 25 basis point rate hike at the Bank of Japan's June meeting is priced in with a 75% probability. In South Korea, the Kospi index hit a record by rising 2.6% to 8,047.5 points, led by gains in semiconductor and technology stocks. In Japan, the Nikkei 225 index closed down 0.3% at 64,970 points, while in China, the Shanghai Composite index fell 0.1% to 4,146 points, Hong Kong's Hang Seng index rose 0.3% to 25,689 points, and India's Sensex index was down 0.1% at 76,430 points.
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