N225 News & Analysis
3 articles
Market Mood
Asia-Pacific Stocks Set to Rise, Oil Prices Jump 2% Amid Tensions
Asia-Pacific stocks are expected to rise as investors overlook stalled U.S.-Iran negotiations. Oil prices saw a significant increase, with Brent crude rising 2% to $107.49 per barrel and U.S. crude up 1.79% to $96.19 per barrel. The Chicago futures contract for Japan's Nikkei 225 traded at 59,980, reflecting a potential climb from the previous close of 59,716.18. In the U.S., the S&P 500 and Nasdaq Composite closed at record levels last Friday, with the S&P finishing up 0.8% at 7,165.08 and the Nasdaq adding 1.63% to reach 24,836.60.
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Nikkei 225 (N225) Hits Record High at 59,691 Amid Ceasefire Extension
Japan's Nikkei 225 (N225) reached a record high of 59,691 on March 11, 2020, driven by an increase in exports and a trade surplus of 667 billion yen ($4.18 billion). This follows seven consecutive months of rising exports, although the surplus was lower than the anticipated 1.1 trillion yen. In contrast, other Asia-Pacific markets, including South Korea's Kospi, faced declines with a 1.02% drop. The situation in the Middle East, specifically regarding Iran, added volatility to oil prices, with West Texas Intermediate futures down 0.28% to $89.42 per barrel.
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Asia-Pacific markets rise 0.33% as Trump addresses Iran war
Asia-Pacific markets were set to rise on Thursday, with Australia's S&P/ASX 200 up 0.33% and nearing a third consecutive day of gains. Japan's Nikkei 225 futures were reported at 54,370, slightly above the last close of 53,739.68. Meanwhile, Hong Kong's Hang Seng index futures were at 25,301, a marginal increase over 25,294.03. Investors are anticipating a statement from President Trump regarding the Iran conflict, which may impact trading sentiment. These movements reflect a positive reaction to U.S. market performance, where the S&P 500 increased by 0.72%.
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