Stock market: Asia on the rise, the technology sector does well, Tokyo +1.3%

Positive stock prices in Asia and the Pacific following the data on US inflation, which rose above estimates by 0.4% on a monthly basis and after the decline recorded this morning in Germany. Futures on Europe and Wall Street are also positive. Italian industrial production and US mortgage requests are arriving.

Tokyo gained 1.3%, Shanghai 0.46%, Taiwan 3.62%, Seoul 2.6% and Sydney 0.27%. Still open are Hong Kong (-0.88%), Mumbai (+1.09%) and Singapore (+0.74%).

Crude oil (WTI +0.36% to 86.35 dollars per barrel) and gas (+1.09% to 85.57 euros per MWh) are rising, while gold is falling (-0.22% to 4,065.77 dollars per ounce). The dollar strengthens to 1.11 against the euro and to 1.33 against the pound, while on the government bond front, the differential between German 10-year BTPs and Bunds narrows to 103.4 points, with the Italian annual yield falling by 3.8 points to 4.33%, the German one by 1.6 points to 3.3% and the French one by 4.1 points to 4.76%.

Purchases in the technology sector, from Kokusai Electric (+10.17%), fresh from the quarterly report, Sumco (+9.31%) and SocioNext (+7.33%) in Tokyo, to the Taiwanese Tsmc (+4.81%), which will invest a total of 1 billion dollars in Antropic and in Open Ai in Taiwan. Samsung also stands tall (+3.57%) in Seoul.