Sentiment against the AI sector of China has increased technical shares, with the Hang Seng Tech Index by 1.42%. Tech Giants Baidu (9888) and Alibaba (9988) rose 7.66% and 4.19% respectively. Brian Tycangco, editor and analyst at Stansberry Research, emphasized Baidu Inc. (9888.HK) As the next company to look at the Chinese tech and AI room.
On the other hand, the CSI 300 and Shanghai composite fell 0.41% and 0.06% respectively. Weaker than expected NBS PMIs in the private sector and the American tariff uncertainty weighed early in the week of the trust of investors.
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Raw materials: Gold rises, oil weakened
Raw materials had a mixed week that ended on January 31:
- Gold expanded its winning series to five weeks and rose by 0.95% to end the week at $ 2,797.
- IJzerertsfutures went up 0.33% to $ 106.5. Trump’s silence on China rates pushed the prices higher.
- The oil prices fall in the midst of rising stocks and news about American rates in Canada and Mexico.
ASX 200 Hits Record heights on RBA Rate Cut bets
The ASX 200 rose 1.47% in the week that ended on January 31, which marked its fourth consecutive weekly profit. Banking and technical shares have contributed to the profit. The S&P/ASX All Technology Index set 3.38%. Softer Aussie -Inflation figures confirmed bets on an RBA rate reduction in February, which means that the demand for technical shares is fueled.
Falling American treasury yields supported the demand for highly productive Aussie Banks. The National Australia Bank (NAB) achieved 1.88%, while Westpac Banking Corp (WBC) jumped with 2.15%.
Nikkei index flat when technical shares are struggling
The Nikkei index ended the flat week, with technical shares under pressure after the Deepseek News. Moreover, a stronger Japanese yen was the demand for export-bound shares in the midst of the bank or Japan-rise speculation. The USD/JPY pair fell 0.51% to 155.156 in the week. The stronger yen could weaken the profit and valuations and put the Japanese export -bound shares under pressure.
Under the remarkable decliners, Softbank Group (9984) fell by 10.88%, while Tokyo Electron (8035) slid by 3.43%.
Outlook: Important events to view this week
Asian markets are confronted with a potentially volatile week. Central Bank Forward Guidance, China Stimulus measures, PMIs in the private sector and the relations between the US and China are likely to influence the market feeling. Hong Kong and mainland China Markets will also catch up after the Lunar New Year parties.
Hawkish Forward Guidance, a lack of new stimulus from Beijing, and rising American China stresses can lower the Asian markets. The US announced 10% rates for Chinese goods from 1 February. Conversely, cheerful economic data, Dovish Central Bank views and new incentive in China can prevent the market impact of the rates.
Traders must follow economic trends closely to navigate the dynamics.