Global markets are on the rise ahead of today’s US inflation data release The US Federal Reserve (Fed) A negative trend is being observed due to uncertainties regarding the size of the interest rate cut expected next week.
While a sell-off trend prevails on the Asian side ahead of the inflation data to be announced in the US, the selling trend is led by Japanese stock markets.
Bank of Japan (BoJ) member Junko Nakagawa “While signaling in a statement today that they are ready to raise interest rates if inflation remains on track,Given that real interest rates are currently very low, we will adjust the degree of monetary support to achieve our 2% inflation target in a sustainable and stable manner, provided our economic and price forecasts are met.” he had used the expressions.
Following the announcement, the Japanese yen gained more than 1 percent against the dollar, dollar/yen parity It tested the lowest level since December 28 at 140.72.
On the other hand, according to data released in the region, the unemployment rate in South Korea fell to 1.9 percent. The unemployment rate for July was 2.5 percent.
In Japan Nikkei 225 index fell 1.6 percent to 35,591 points in South Korea Kospi The index closed with a decrease of 0.4 percent at 2,513 points.
In China Shanghai Compound index fell 0.9 percent to 2,719 points in Hong Kong Hang Seng index fell by 0.9 percent to 17,078 points and in India Sensex The index is trading at 81,990 points, up 0.1 percent.
Source: www.dunya.com
