Asian markets rose, yen weakened
On Monday, stocks rose in Asian markets. This was reported by Zamin.uz.
This situation is related to the positive results of technology stocks in the US markets. At the same time, the Japanese yen depreciated against the euro and the Swiss franc, as rising interest rates are putting pressure on government debt.
Japan's Nikkei stock index increased by 1.9 percent. The depreciation of the yen may have a positive impact on the earnings of exporting companies.
The Bank of Japan raised the interest rate to 0.75 percent and indicated the possibility of further increases in the future. Additionally, the yield on 10-year government bonds reached 2.10 percent.
In the currency market, the yen was recorded at 184.90 against the euro and 198.08 against the Swiss franc. The dollar remained stable at 157.29.
Japanese officials emphasized that they are monitoring the yen's depreciation and will take appropriate measures if necessary. Stock growth was also observed in the Chinese and South Korean markets.
The MSCI Asia-Pacific index rose by 0.8 percent, South Korean stocks by 1.7 percent, and China's blue-chip index by 0.8 percent. Singapore's main index increased by 1 percent, reaching a record level.
European stocks, meanwhile, remained relatively stable.
