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Asia stocks muted amid thin trading, Japan shares jump on record budget plans

Asia stocks muted amid thin trading, Japan shares jump on record budget plans


Published on 2024-12-26 02:01:07 - Investing
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  • Investing.com-- Asian stocks were largely muted on Thursday as trading remained thin with major stock indexes shut for holidays, while Japanese shares climbed after a report showed Japan planning a record budget for the upcoming fiscal year.

The article from Investing.com discusses the performance of Asian stock markets on a day marked by relatively quiet trading due to holidays in several major markets. Despite the thin trading, Japan's Nikkei 225 saw significant gains, driven by the government's announcement of a record budget for the next fiscal year, which includes substantial spending on defense and economic stimulus. This news boosted investor confidence in Japanese stocks. Meanwhile, other Asian markets like China and Hong Kong experienced mixed results, with some sectors like technology showing resilience. The broader market sentiment was cautious, influenced by ongoing concerns about global economic recovery, inflation, and potential policy changes from major economies. Additionally, the article notes that the lack of significant economic data releases contributed to the subdued market activity.

Read the Full Investing Article at:
[ https://www.investing.com/news/stock-market-news/asia-stocks-muted-amid-thin-trading-japan-shares-jump-on-record-budget-plans-3788671 ]
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