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    Stock market: Asia closed higher after China’s GDP

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    Stinging on breakfast at the bar, coffee for 1.50 euros (ANSA)

    (ANSA) – MILAN, JANUARY 17 – Asian stock exchanges closed higher after China’s GDP data and the central bank which cuts its medium-term loan rates for the first time since April 2020. In Japan, meanwhile, the BoJ launches discussion on monetary policy. In the spotlight the trend of the pandemic with the increase in infections of the omicron variant and the effects on the economic recovery. In the US, markets will be closed for Martin Luther King day.

    Tokyo recovered from lows in a month and ended the first session of the week with a positive 0.74%. On the currency front, the yen weakens against the dollar at 114.40, and at 130.60 against the euro. While trading is still underway, Shanghai (+ 0.6%), Shenzhen (+ 1.54%) and Mumbai (+ 0.1%) are up, while Hong Kong (-0.84%) and Seoul ( -1.1%).

    On the macroeconomic front, the consumer price index of Italy and the Eurozone is coming. Wholesale prices are foreseen from Germany. The meeting of the Eurogroup (ANSA) is awaited.

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    Source From: Ansa

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