'Ali baby' profits lead that Asian stocks recover

Chinese technology stocks achieved the profits in the Asian stock markets after the group of “Ali baby” announced the fastest revenue growth in more than a year, strengthening the optimism to the sector. The shares in Hong Kong and the most important justice of China has risen to a scale of the Chinese shares listed in the United States has risen thanks to the gains of “Ali Baby”. Japanese stocks have also turned into profits after opening low. While the dollar power index took off. Although investors are still concerned about the escalation of geopolitical tension and the expansion of the tariff war, the shares of “Ali Baba” and other Chinese technology shares have risen over the past few weeks thanks to the enthusiasm against the artificial intelligence model “Deep Seck”. And these Asian stocks have been a way to reach the sixth weekly profit in a row, which is the longest winning series in almost a year. “Ali baby) justifies more than just the last capital of the capital of the focus on US technology stocks to Chinese models in artificial intelligence,” says Chris Weston, head of research at the Peproston group in Melbourne. The yen rose to reach the important level of 150 late Thursday, which scored its strongest level since December, against the backdrop of speculation that the Bank or Japan would raise interest rates faster than expected. Traders expect an event by 84% interest by 25 basis points to increase at the July meeting, an increase of 70%. They expected it at the beginning of this month, according to the information collected by “Bloomberg”. Inflation in Japan showed data on Friday that inflation in Japan is more than expected. Consumer prices, with the exception of fresh food, rose 3.2% compared to last year, which is the largest increase since June 2023, according to the Home Ministry. The yen returned to fall to 150 against the dollar in Friday’s trading. “The number of the consumer price index, in addition to the domestic product data for the fourth quarter and wage data in December, justifies the recent increase in pricing of interest rates by the Bank of Japan,” says Carol Kong, the strategy of “Commonwealth Bank of Australia”. “The few dollars against the yen could reach faster than expected at the end of March at the end of March,” she added. On the other hand, the S&P 500 index fell 0.4% on Thursday after the shares of “Wall Mart” fell, the first major retail selling business to offer its results after the holiday period. This comes after retail sales -data indicated a sharp drop in consumer spending. The declines in bank shares also influenced the trade, as the shares of “GB Morgan” and “Goldman Sachs” fell by more than 3.8%. US Treasury bonds elsewhere have not seen US treasury bonds major changes in Asia, after the yields of the mortgage for ten years by three basis points dropped to 4.51% in New York. Treasury Secretary Scott Payett said any step to increase the part of the long -term effects in the release of government debt is still due to the current obstacles such as high inflation and the quantum shooting program for the Federal Reserve. In Australia, the central bank carefully monitors the status of the labor market, as continuous pressure in the job market may indicate a stronger economy, according to province, Michel Bullock, adding that policymakers are not ‘bound’ on any specific interest rates. In the commodity market, oil is on its way to reaching its biggest weekly increase since early January due to increasing uncertainty over supplies. While stabilizing the price of gold after reaching a new standard.