Index	Price	Daily Change (%)
Shanghai Composite	4067.74	+1.29
Nikkei 225	54720.66	+3.92
Hang Seng Index	26834.77	+0.22
Shenzhen Component	14127.11	+2.19
KOSPI	5288.08	+6.84
S&P/ASX 200	8857.10	+0.89
NIFTY 50	25727.55	+2.55
Straits Times Index	4944.09	+1.06
S&P/NZX 50	13421.52	-0.22
Thailand SET Index	1336.11	+1.11
FTSE Bursa Malaysia KLCI	1748.26	+0.42
TAIEX	32195.36	+1.81

On February 03, 2026, Asian markets exhibited a robust performance, driven by a combination of geopolitical developments and positive economic sentiment. The Indian rupee and stock market surged following the U.S. announcement of a significant tariff reduction on Indian goods, which has fostered optimism among investors. The Nifty 50 index rose by 2.55%, reflecting renewed confidence in the Indian economy.

In Japan, the Nikkei 225 index climbed 3.92%, buoyed by a favorable corporate earnings season and a weaker yen, which has improved the competitiveness of Japanese exports. The KOSPI in South Korea also showed remarkable gains, up 6.84%, as investors reacted positively to improved economic indicators and corporate performance.

Conversely, the Hong Kong market saw a slight increase in the Hang Seng Index, which rose by 0.22%. However, the property sector remains under scrutiny as home sales in January fell by 15.2%. Despite this, real estate agents are optimistic about a potential “mini-boom” during the Lunar New Year, as recent new-home launches have sold out quickly.

A significant event impacting the broader Asian market is the European Commission’s investigation into Chinese wind turbine manufacturer Goldwind, which could have implications for Chinese firms operating in Europe. This scrutiny over foreign subsidies may affect investor sentiment towards Chinese equities, particularly in the renewable energy sector.

In the aviation sector, China’s Civil Aviation Administration proposed regulatory changes to facilitate the use of narrow runways for the C919 jet, aiming to enhance its competitiveness against Airbus and Boeing. This move is seen as a strategic effort to penetrate Southeast Asian markets, potentially boosting the regional aviation industry.

Additionally, a survey by FWD Group revealed that 71% of Asia’s middle class feels financially anxious, primarily due to rising living costs and healthcare expenses. This sentiment could influence consumer spending patterns and investment strategies across the region.

Overall, Asian indices are experiencing upward momentum, reflecting a blend of positive economic indicators and strategic developments, despite underlying concerns in specific sectors. Investors should remain vigilant of geopolitical tensions and regulatory changes that may impact market dynamics in the coming weeks.

Date	Time	Cur	Imp	Event	Actual	Forecast
None	02:00		Medium	CPI (MoM) (Jan)	4.84%	4.32%
None	02:00		Medium	CPI (YoY) (Jan)	30.65%	30.00%
None	02:45		Medium	French CPI (MoM) (Jan)	-0.3%	-0.1%
None	02:45		Medium	French HICP (MoM) (Jan)	-0.3%
None	03:00		Medium	Spanish Unemployment Change (Jan)	30.4K	13.4K
None	04:00		Medium	IPC-Fipe Inflation Index (MoM) (Jan)	0.21%
None	07:00		Medium	Industrial Production (YoY) (Dec)		1.0%
None	09:40		Medium	FOMC Member Bowman Speaks
None	09:50		Medium	German Buba Balz Speaks
None	10:00		High	JOLTS Job Openings (Dec)		7.230M
None	16:30		Medium	API Weekly Crude Oil Stock
None	19:30		Medium	au Jibun Bank Services PMI (Jan)		53.4
None	20:45		Medium	RatingDog Services PMI (Jan)		51.9

On February 03, 2026, the Asian session witnessed significant economic events that could influence market dynamics.

In Turkey, the Consumer Price Index (CPI) for January reported a month-over-month increase of 4.84%, surpassing the forecast of 4.32%. Year-over-year CPI also exceeded expectations, coming in at 30.65% against a forecast of 30.00%. These higher-than-expected inflation figures may prompt the Central Bank of the Republic of Turkey to consider tightening monetary policy, which could strengthen the Turkish lira in the short term but may also raise concerns about economic growth.

In the Eurozone, France’s CPI for January showed a month-over-month decline of 0.3%, worse than the anticipated decrease of 0.1%. This unexpected drop could signal weakening consumer demand, potentially impacting the European Central Bank’s stance on interest rates in the coming months. Additionally, Spain reported an unemployment change of 30.4K in January, significantly higher than the forecast of 13.4K, indicating a deterioration in the labor market that may further complicate economic recovery efforts in the region.

In Brazil, the IPC-Fipe Inflation Index recorded a modest increase of 0.21% for January, though no forecast was provided. The market will be keenly observing upcoming industrial production data for December, which is projected at 1.0%, as it will provide further insights into Brazil’s economic health.

Overall, these developments highlight potential volatility in currency markets, particularly for the Turkish lira and the euro, as investors reassess their outlooks based on inflationary pressures and labor market conditions.

In recent trading sessions, FX pairs exhibited notable movements, particularly with the USD/JPY rising by 0.23%, reflecting ongoing market reactions to U.S. interest rate expectations. The EUR/JPY and GBP/JPY also showed gains, driven by stronger economic data from the Eurozone and UK. Conversely, GBP/USD declined slightly, influenced by ongoing political uncertainties.

In commodities, gold surged by 6.77%, and silver by 12.01%, largely due to a flight to safety amid geopolitical tensions and inflation concerns. Crude oil remained stable, while natural gas prices fell marginally.

In the cryptocurrency market, Bitcoin and Ethereum experienced declines of 0.65% and 2.94%, respectively, as regulatory scrutiny and market corrections weighed on investor sentiment. XRP also faced downward pressure. The overall international landscape reflects cautious trading amid economic uncertainties and geopolitical risks.

Pair	Rate	Daily Change (%)
USD/JPY	155.88	+0.23
EUR/JPY	183.82	+0.28
GBP/JPY	212.96	+0.21
AUD/USD	0.70	+0.82
EUR/USD	1.18	+0.01
GBP/USD	1.37	-0.04
USD/CNY	6.94	-0.13

Commodity	Price	Daily Change (%)
Gold	4935.60	+6.77
Silver	86.00	+12.01
Crude Oil WTI	62.14	0.00
Natural Gas	3.23	-0.28

Crypto	Price	Daily Change (%)
Bitcoin	78163.65	-0.65
Ethereum	2275.61	-2.94
XRP	1.60	-1.06

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