--- title: "The Asia-Pacific markets are mixed, with the Japanese Yen strengthening and the Japanese stocks falling by 1%" description: "As tensions in the Middle East escalate, Powell hinted at a rate cut last Friday, and the Asia-Pacific markets opened with mixed gains and losses on Monday" type: "news" locale: "en" url: "https://longbridge.com/en/news/212480411.md" published_at: "2024-08-27T00:02:26.000Z" --- # The Asia-Pacific markets are mixed, with the Japanese Yen strengthening and the Japanese stocks falling by 1% > As tensions in the Middle East escalate, Powell hinted at a rate cut last Friday, and the Asia-Pacific markets opened with mixed gains and losses on Monday As the tension in the Middle East intensifies, last Friday Powell hinted at a rate cut, and on Monday the Asia-Pacific markets opened with mixed gains and losses. On Monday, the Japanese yen rose against the US dollar by 0.5% at one point, reaching above the 144 level. With the yen strengthening, the Japanese stock market widened its losses, with the Nikkei 225 index falling by 1%. Last Friday, Federal Reserve Chairman Powell sent the clearest signal to date at the Jackson Hole Global Central Bank Annual Meeting, hinting that the Fed will begin cutting interest rates in September, but the pace of rate cuts is unknown. After Powell's speech, the three major US indices all rose. Early Sunday morning, Hezbollah and Israel clashed, further escalating tensions in the Middle East. Today, investors will continue to focus on the People's Bank of China's mid-term loan rate and Singapore's July manufacturing data. ## Mixed Gains and Losses in Asian Markets The yen rose, with the USD/JPY falling by 0.42% to 143.78. With the yen strengthening, the Japanese stock market widened its losses, with the Nikkei 225 index falling by 1% to 37993.74, and the TOPIX index dropping by 0.83%. The Seoul index in South Korea rose by 0.16% to 2706.06, while the small-cap Kosdaq rose slightly by 0.19%. Australia's S&P/ASX 200 index opened with a 0.36% increase to 8052.70. ### Related Stocks - [DOG.US - Short Dow30 Pro](https://longbridge.com/en/quote/DOG.US.md) - [DIA.US - SPDR Djia](https://longbridge.com/en/quote/DIA.US.md) - [DDM.US - ProShares Ultra Dow30 ETF](https://longbridge.com/en/quote/DDM.US.md) - [XPEV.US - XPeng](https://longbridge.com/en/quote/XPEV.US.md) - [.DJI.US - Dow Jones Industrial Average](https://longbridge.com/en/quote/.DJI.US.md) - [09868.HK - XPENG-W](https://longbridge.com/en/quote/09868.HK.md) - [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md) - [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md) - [SDOW.US - Pro UltrPro Shrt Dow30](https://longbridge.com/en/quote/SDOW.US.md) - [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Nvidia To Rally More Than 53%? Here Are 10 Top Analyst Forecasts For Thursday | Top Wall Street analysts have revised their outlooks on several stocks. Notable changes include Piper Sandler lowering S | [Link](https://longbridge.com/en/news/277051168.md) | | Dana Investment Advisors Inc. Sells 44,375 Shares of Synopsys, Inc. $SNPS | Dana Investment Advisors Inc. has significantly reduced its stake in Synopsys, Inc. by 96.8%, selling 44,375 shares and | [Link](https://longbridge.com/en/news/277166832.md) | | A Look At Quantum Computing (QUBT) Valuation After Cash Raise And Luminar Semiconductor Acquisition | Quantum Computing (QUBT) has raised US$1.25b and is acquiring Luminar Semiconductor for US$110 million, aiming to enhanc | [Link](https://longbridge.com/en/news/277166415.md) | | Broadcom Inc. $AVGO Position Decreased by Mesirow Financial Investment Management Inc. | Mesirow Financial Investment Management Inc. reduced its holdings in Broadcom Inc. (NASDAQ:AVGO) by 3.7% in Q3, now owni | [Link](https://longbridge.com/en/news/277188760.md) | | Nvidia keeps the AI party alive with a booming quarter and even better outlook | Nvidia reported impressive quarterly results, with a 73% year-over-year revenue increase to $68.13 billion, surpassing e | [Link](https://longbridge.com/en/news/276963204.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.