Asian stock markets closed higher, with the Nikkei 225 Index rising 2%. The yen slightly rebounded after previously dropping to its lowest level since July.
On Tuesday, January 7, Asian stocks closed up, continuing the momentum of the U.S. stock market from the previous day, the yen slightly rebounded, and the USD's decline narrowed.
Technology stocks and semiconductor stocks in Japan and Taiwan performed strongly, leading the Nikkei 225 Index to close up 2% at 40,083.20 points, with the Tokyo Stock Price Index closing up 1.1% at 2,786.57 points, and South Korea's Seoul Composite Index closing up 0.1% at 2,492.10 points.
Due to Jensen Huang's new product launch reigniting optimism about AI demand, he announced the introduction of the brand new RTX 50 series chips and the world's smallest personal AI supercomputer. Overnight, semiconductor stocks in the U.S. rose further, with the S&P 500 Index increasing by 0.6% on Monday and the NASDAQ 100 Index rising by 1.1%.
The yen rebounded slightly after Japan's Finance Minister Kato Katsunobu stated that appropriate measures would be taken to address what he perceived as unilateral and sudden Forex fluctuations. The exchange rate of the yen against the USD temporarily fell by 0.3% to 158.11, having previously dropped to 158.42, the lowest level since July.
The decline of the USD narrowed, as it dropped by 1% at one point on Monday, then narrowed its loss to 0.6%, with the USD flat during the Asian session on Tuesday.
Continuously updated.