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Japan’s Nikkei extends rally to highest point since 1990; other Asian markets muted

Por: MarketWatch Business January 12, 2024

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On Thursday, a U.S. inflation report forced some investors to push back forecasts for when the Federal Reserve will deliver long-sought cuts to interest rates. But markets in Asia breezed past those concerns. Tokyo’s Nikkei 225 gained 1.1%. The Hang Seng in Hong Kong edged 0.1% higher and the Shanghai Composite index advanced 0.4%. The Kospi in South Korea slipped 0.1%, while Australia’s S&P/ASX 200 also edged 0.1% lower. Shares rose in... + full article



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