In Asian stock exchanges, signals from macroeconomic data and the lack of expectations of the balance sheets of important companies are not mixed.
Although the tariff voltage between the two largest economies in the world has subsided for a while, question marks on the results of US President Donald Trump’s “American” policy within the scope of the “American” policy.
The Japan economy recorded a shrinkage of 0.7 percent in the first quarter of the year, which was longer than the expectations. In market predictions, the Japan economy was expected to shrink 0.3 percent.
Following the said data, Boj member Toyoaki Nakamura called for a break from interest rate hikes due to uncertainty in the US tariffs. Nakamura said that the Bank should “carefully” and “carefully” by showing the necessary attention to how the Bank’s extreme high uncertainty on US trade policy can affect the activities of the company and households.
On the other hand, industrial production in Japan increased by 0.2 percent on a monthly basis in March and 1 percent annually.
In addition, the revenues of the Chinese technology company Alibaba, the first quarter of the year increased by 7 percent compared to the same period of the last year. Explaining the financial balance sheet for the January-March period, the revenues of the company were 236.5 billion Yuan (32.6 billion dollars). Cloud Intelligence, the company’s cloud information services unit, increased by 18 percent and reached 30.1 billion Yuana (4.18 billion dollars).
With these developments, the Nikkei 225 Index in Japan was 37.758 horizontally, and the KOSPİ index in South Korea increased by 0.2 percent to 2.626 points.
At the moment, the Shanghai compound index in China is traded at 0.5 percent loss of 3.365 points and Hong Kong is traded at 23.360 points with a decrease of 0.4 percent. The Sensex Index in India is at 82.245 points with 0.4 percent loss compared to the previous closing.
