As asian bags closed higher this Friday (10), following Wall Street, although oil continues to rise amid the fragile ceasefire in the war in the Middle East and on the eve of peace talks between the United States and Iran this weekend.
The Japanese index Nikkei led the gains, with an increase of 1.84% in Tokyo, at 56,924.11 points, followed by Taixwhich rose 1.60% in Taiwan, to 35,417.83 points. In South Korea, the Kospi rose 1.40%, to 5,858.87 points, after the local central bank maintained the basic interest rate at 2.50%. In Hong Kong, the Hang Seng advanced 0.55%, to 25,893.54 points.
Na China continental, o Shanghai Compound rose 0.51%, to 3,986.22 points, and the least comprehensive Shenzhen Compound registered an increase of 1.54%, to 2,652.30 points.
Oil prices rose for the second day in a row, amid uncertainty about the sustainability of the two-week truce agreed between the US and Iran last Tuesday (7), following Israel’s attacks against Hezbollah in Lebanon and in the midst of severe weather, through which a fifth of world trade in the commodity passes.
The inflationary effects of the war, with the jump in oil and natural gas prices, caused costs for Chinese producers to rise in March, interrupting a 41-month sequence of deflation.
The producer price index (PPI, for its acronym in English) of the Asian giant had an annual increase of 0.5% last monthafter falling 0.9% in February, ending a deflationary trajectory that began in October 2022.
Negotiators from Washington and Tehran will meet tomorrow (11) for talks on a permanent peace agreement in Pakistan’s capital, Islamabad. The US delegation will be led by Vice President JD Vance.
Yesterday, the New York stock exchanges advanced for the second trading session in a row, despite the uncertainties in the geopolitical situation.
In Oceania, the Australian stock market went against the regional trend and closed slightly lower today: the S&P/ASX 200 fell 0.14% in Sydney to 8,960.60 points.
