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  • Ahmed Saleh

Asian equities surge; Nikkei 225 up 2.9% to 37,961.48

In a recent report by the Associated Press, it was revealed that Asian equities demonstrated a predominantly positive trend on Tuesday. Notably, Japan's key stock index, the Nikkei 225, surged by 2.9%, reaching a level of 37,961.48. Conversely, Australia's S&P/ASX 200 experienced a slight decline after initially gaining ground, slipping by 0.2% to settle at 7,603.60. Meanwhile, South Korea's Kospi exhibited notable strength, advancing by 1% to reach 2,647.03.

However, it is pertinent to note that trading activities were subdued in China and Hong Kong due to the observance of the Lunar New Year holiday.

Turning to the energy market, benchmark US crude registered a modest increase of 12 cents, reaching $77.04 per barrel in electronic trading on the New York Mercantile Exchange. Similarly, Brent crude, the global standard, saw a marginal uptick of 8 cents, settling at $82.08 per barrel.

In the realm of currency exchange, the US dollar demonstrated resilience, appreciating to 149.55 Japanese yen from 149.34 yen. Conversely, the euro experienced a slight decline, dropping to $1.0771 from $1.0774.

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