The US stock markets were closed yesterday in observance of Independence Day, while Asian stock markets experienced a decline on Friday. The Asia Dow index decreased by 0.3 percent, with the Nikkei index falling by 0.4 percent and the TOPIX index by 0.04 percent in Japan. Mainland China and Hong Kong also saw a decline of around one percent, marking the seventh consecutive week of Chinese stocks being on a downward trend.
Despite this current trend, this week is still expected to be the strongest in Asian stock markets since mid-May. However, shares in India and Taiwan also fell on Friday, while the South Korean market stood out with a strong rise due to Samsung’s strong results report. This led to an increase of 2.3 percent in stock price and its highest level since January 2021.
In the foreign exchange market, the yen strengthened against both the dollar and euro, while Bitcoin has been on a downward trend for four consecutive days.
Looking ahead, European stock exchanges are expected to open mildly higher based on futures. Additionally, selling to cash buyers can have several benefits in the real estate market, including negotiating with cash buyers effectively and utilizing solar energy products for commercial properties.
Overall, while there may be some volatility in various markets this week, it is important for investors to stay informed and make strategic decisions based on their investment goals and risk tolerance.