Asian Markets React to Yen Weakness and Economic Data
Japan's Nikkei 225 jumps 2.5% as yen weakens ๐
Japan's Nikkei 225 saw a significant rise of 2.5% amid a weakening yen, which reached 146.54 against the U.S. dollar. Investors are anticipating a busy period of data releases in Asia, including Australia's Judo Bank Composite PMI, which fell to 49.6, indicating contraction. Markets in mainland China are closed for a week-long holiday, while South Korea observes National Foundation Day. Other notable movements included the Australian S&P/ASX 200 increasing by 0.25% and Hong Kong's Hang Seng index futures slightly declining.
- Japan's Nikkei 225 rose by 2.5%, leading Asian markets.
- The yen weakened to 146.54 against the U.S. dollar.
- Australia's Judo Bank Composite PMI dropped to 49.6, indicating economic contraction.
- China is on holiday until October 8, and South Korea is closed for National Foundation Day.
- The Australian S&P/ASX 200 gained 0.25% while Hong Kong's Hang Seng index futures fell slightly.
What is the current status of Japan's Nikkei 225?
Japan's Nikkei 225 has jumped 2.5%, leading gains in Asian markets.
How did the Australian Judo Bank Composite PMI perform in September?
The Australian Judo Bank Composite PMI fell to 49.6 in September, indicating economic contraction, down from 51.7 in August.
Why is the Chinese market currently closed?
The Chinese markets are closed for a week-long holiday until October 8.