On July 27, 2023, Tokyo’s Akihabara area buzzed with activity as Japan’s core consumer price index saw a notable increase of 3.3% in June, surpassing the U.S. inflation rate for the first time in eight years. This rise comes as the Bank of Japan convenes for a critical monetary policy meeting. In South Korea, the Kospi index surged over 2%, fueled by significant gains from Samsung Electronics and SK Hynix following a partnership with OpenAI for memory chip supply. The Kosdaq index also saw a marginal increase of 0.47%. Meanwhile, Australia’s ASX/S&P 200 opened up by 0.61%, while Hong Kong’s Hang Seng Index faced slight declines. U.S. equity futures remained stable after the S&P 500 reached record highs, reflecting optimism about a potential short-lived government shutdown. These developments illustrate dynamic market conditions across Asia and the influence of economic indicators on investor sentiment.
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