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The Asia-Pacific market mixed on Monday as investors analysed Japan’s fourth quarter economic growth data, while awaiting central bank decisions from the region this week.
Japan Nikkei 225 Topix added 0.28% and traded around the flatline. South Korea Kospi Added 0.75%, while Small Cap Kosdaq added 1.61%.
Japan’s economic expansion in the fourth quarter has broken analysts’ expectations for quarterly quarterly and annual growth, government preliminary data showed Monday. On an annual basis, GDP rose 2.8%, with Reuters estimates above 1%.
The Japanese yen strengthened trading at 151.5 against the greenback.
Australia’s S&P/ASX 200 went through 0.22% and closed at 8,537.1.
Tencent’s shares have risen to their highest level since July 2021 as the company’s Weixin messaging app began beta testing DeepSeek’s integration, LSEG data showed. The Chinese technology giant’s stocks rose 4.25% last.
Hong Kong’s Hang Sen index was 0.35% slid. The Hang Seng Tech index, which tracks the 30 largest technology companies listed in Hong Kong, fell 1.07%. Mainland China’s CSI 300 has increased by 0.06%.
Thailand has released its fourth quarter GDP data. This showed that the economy had risen 3.2% year-on-year and Reuters’ expectations for an expansion of 3.9% have been lost, LSEG data showed.
According to Reuters, the annual GDP growth rate for the year was 2.5%.
The Reserve Bank of Australia launched a two-day meeting on Tuesday, where interest rates could be cut. Indonesia and New Zealand’s central banks will also announce their rate decisions on Wednesday.
In the US, three major averages closed Friday mixes. The Dow Jones industrial average closed 165.35 points (0.37%) at 44,546.08. The S&P 500 fell 0.01% to 6,114.63, while the Nasdaq Composite closed at 20,026.77, adding 0.41%.
Each week, three major averages recorded profits as more certainty about President Donald Trump’s tariff plans improved sentiment, but the new inflation data was more constructive than initially expected. It turns out that there is. Traders also messed up data on Friday, showing a slump of 0.9% in January, worse than the expected 0.2% decline for Dow Jones.
—CNBC’s Pia Singh and Lisa Kailai Han contributed to this report.
