US EditionAsian Equities Flat Amid Holiday-Thinning Trade; Soft Japan Growth
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Asian equities flat amid holiday-thinning trade; soft Japan growth
Asian equities remained flat on Monday amid thinned trading volumes due to market holidays in China, South Korea, and Taiwan. Japanese stocks bucked the flat trend, after disappointing Q4 GDP figures signaled a sluggish economy. Sentiment was further
Global Market Today | Asian stocks tepid, Yen weakens after GDP data
Asian equities traded mixed as subdued US inflation data bolstered expectations of Federal Reserve interest rate cuts this year. Markets saw fluctuations in Japan, with the yen weakening, while Australian shares remained flat. This comes as the region braces for Lunar New Year holidays and US markets observe Presidents' Day.
While Asian stock markets were closed due to the holiday, trading volumes were observed to be low in the markets that were open. Growth data released in Japan fell short of expectations, raising questions about global growth optimism.
The Asian stock market week started calmly, influenced by the Chinese New Year holidays. Japan's economic growth in the latter part of the year clearly fell short of forecasts.
Asian stock markets moved sideways on Monday after weeks of gains. Thin trading during the Chinese New Year and weak Japanese GDP figures dampened sentiment.
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