Asian Stocks Performance Varies Amid Dollar Reaching Highest Level in a Year:

Asian markets witnessed a mixed performance in stock prices, with Japanese and Chinese stocks rising,
while stocks in the rest of the region declined.
Meanwhile, the dollar continued to climb, nearing its highest level in a year.

Contents:

China
USA
Japan

China

Chinese Stimulus Boosts Market

Chinese stocks rose after reports indicated that authorities plan to
cut taxes on home purchases to help revive the struggling real estate sector.
Meanwhile, U.S. stock futures remained stable after the S&P 500 posted gains for the fifth consecutive day.
Additionally, Bitcoin saw a record-breaking surge, exceeding the $89,000 mark.

Market Response to Stimulus Package

Investors are still assessing the impact of Beijing’s stimulus package, which was announced last Friday.
The package eased some of the local government’s debt burden.
However, it fell short of the broader financial support many investors hoped for.
Data released from China on Monday showed that credit expansion slowed more than economists had expected last month.

USA

U.S. Policy in the Spotlight

Rajeev De Mela, Chief Investment Officer at Gama Asset Management,
emphasized the importance of upcoming changes in U.S. policies,
noting that resolving trade issues with China is equally critical.

Bonds and Dollar Performance

U.S. Treasury yields in Asian markets fell after being closed on Monday due to a U.S. holiday.
The Bloomberg Dollar Index rose for the third consecutive day,
while oil prices remained largely unchanged following their biggest drop in two weeks.

Japan

Japanese Support for the Technology Sector

In Japan, Prime Minister Shigeru Ishiba announced a plan to support
the semiconductor and artificial intelligence sectors with more than $65 billion over the next decade.
This initiative aims to boost both domestic and international investments.
Shares of Renesas Electronics Corporation rose after the Japanese market opened following the announcement.

Expectations for a U.S. Market Rebound

A report from JPMorgan suggested that U.S. stocks could see a larger recovery
by the end of the year, following Trump’s victory in the presidential elections,
compared to the recovery after his first win eight years ago.
Strategist Ed Yardeni raised his forecast for the S&P 500,
predicting that it could reach 10,000 points by the end of the decade,
reflecting growing optimism on Wall Street following the U.S. elections.

Asian Stocks Performance Varies Amid Dollar Reaching Highest Level in a Year

Asian Stocks Performance Varies Amid Dollar Reaching Highest Level in a Year

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