Asian stock markets showed a recovery on Monday following a significant decline at the end of the previous week. Japan’s Nikkei 225 index rose by 3.39%, reaching 59,411 points, which represents a gain of 1,948.30 points. This movement recovers slightly more than half of the 3,643.13-point loss recorded on Friday.
The South Korean KOSPI index increased by 1.52%, climbing to 5,136.46 points by 11:07 a.m. local time after opening at 5,034.20 points. This gain covers approximately one-quarter of the losses sustained on Friday, when the index fell by more than 6%. Market activity in Asia continues to track developments in the United States, including the performance of the Nasdaq Composite.
Investors are now focusing on upcoming US economic data, specifically the Consumer Price Index report scheduled for Tuesday. Market expectations currently suggest a 65% probability of a rate hike in December based on federal funds futures. Additionally, the market is awaiting earnings reports from companies including CoreWeave, Cisco, and Applied Materials throughout the week.
