Asian stock markets see rises except South Korea

By Gokhan Ergocun

ISTANBUL (AA) - Asian stock markets closed Thursday in the green, except for the South Korean Kospi index.

Despite increasing expectations that the Fed may start interest rate cuts later than expected in global equity markets, the positive course that started, led by technology stocks, is also reflected in the Asian markets.

On Thursday, the Japanese economy fell into a recession after contracting unexpectedly for the second time in a row in 2023. It lost its position as the third largest economy to Germany.

The Kospi index in South Korea decreased by 0.25% to 2,613 points, while the Nikkei 225 index in Japan rose 1.21% to 38,157 points.

The Nikkei index saw above 38,000 point level, for the first time in 34 years.

The Sensex index in India is at 71,864 points with an increase of 0.1%, while the Hang Seng index in Hong Kong is at 15,940 points with a 0.4% gain.

Meanwhile, the Chinese markets closed due to the new year.