The Hang Seng index had its best week since October, with 4.49%. Relating trade tensions and the progress of China in the AI space increased the investor sentiment.
The Hang Seng Tech index rose by 9.03%in the week, which extended the winning series to four weeks. Tech Giants Tencent (0700) and Alibaba (9988) made a profit of 6.36% and 13.25% respectively.
The stock markets of the mainland China also benefited from trade lighting and AI -momentum. The CSI 300 and Shanghai Composite went with 1.98% and 1.63% respectively respectively.
Remarkably, investors are a weaker than expected PMI numbers of the private sector aside. The Chinese Caixin production PMI fell from 50.5 in December to 50.1 in January, while the Services PMI fell to 51.0 (previous: 52.2).
Click here for more analysis of the Hang Seng Index and Trends in the world market.
Raw materials: gold rallies, oil weakens concern about the question
Raw materials had a mixed week that ended on 7 February:
- Gold expanded its winning series to an impressive six weeks and climbed 2.25% to close the week at $ 2,860. Significantly gold reached a new record high of 2,887 before he returned.
- Iron ore spot won 0.98% to $ 813.68 in the midst of the hope that China and the US can prevent a complete trade war.
- In the meantime, the prices of crude oil withdrew as the American stocks rose and Trump threatened counter-tariffs against trading partners who took revenge for American rates. The news broke out after the Asian markets were closed on Friday.
ASX 200 ends four weeks of winning streak
The ASX 200 fell 0.24% in the week that ended on 7 February. Banking, gold, mining and technical shares, however, offered some support.
Remarkable movers include Northern Star Resources, who collected 2.49%, following higher gold prices.
Falling American treasury yields stimulated the demand for highly productive Aussie banks. The National Australia Bank (NAB) has produced 1.40%, while the Commonwealth Bank of Australia won 1.31%.
Nikkei -Index withdraws in the midst of Boj Rate Hike Bets
The Nikkei index ended the week with 1.03%. Economic data from Japan has fueled the expectations of a second Bank or Japan increase in H1 2025. Main data:
- The average income of cash increased by 4.8% on an annual basis in December, an increase of 3.9% in November.
- Expenditure on households rose year-on-year by 2.7% in December after falling 0.4% in November.
The USD/JPY pair tumbled 2.43%and closed the week at 151.90 with the expectations of Boj Rate Hike. A stronger yen could put income of dents and Japanese shares under pressure.
Tokyo Electron (8035) dropped 2.69%, while Nissan Motor Corp. (7201) brought 4.23% together after the board had rejected a merger with Honda Motor Co. (7267). Honda Motor Co finished the week with 2.84%.
Market front views: Important events to view
Asian markets will be confronted with potential volatility in the coming week. The threat of Trump of rates about economies that take revenge on the import duties of the US can escalate trade tensions. An escalation in the trade war in the US china could weigh in Asian markets.
However, the central bank deposit, business income and economic indicators will also be crucial.
- Large win reports are Softbank Group, ANZ Holdings (ANZ), Macquarie (MQG), Commonwealth Bank of Australia (CBA), Northern Star Resources, Sony Corp. (6758) and Honda Motor Co.
- The expectations of monetary policy are likely to influence the trends of ASX 200 and Nikkei Index. A rib and stronger yen could weigh on Japanese shares, while increasing bets on several RBA speeds can support Aussie shares.
Traders must follow economic trends closely to navigate the dynamics.