# Asian Session Close: Nikkei Hits Record High Amidst Mixed Market Performance and Significant IPOs
**Note**: This analysis is generated at the close of the Asian session, focusing on end-of-day performance in Asian markets. Event times are in US Eastern Time.
The Asian session concluded with mixed performances across major indices, reflecting varied market sentiment. Shanghai Composite led gains, while TAIEX lagged, driven by regional economic data and global cues.
## Asian Indices Performance at Close
| Index | Price | Daily Change (%) |
|---|---|---|
| Shanghai Composite | 3882.78 | 0.52 |
| Nikkei 225 | 47950.88 | 0.01 |
| Hang Seng Index | 26957.77 | -0.67 |
| Shenzhen Component | 13526.51 | 0.35 |
| KOSPI | 3549.21 | 2.70 |
| S&P/ASX 200 | 8956.80 | -0.27 |
| NIFTY 50 | 25108.30 | 0.12 |
| Straits Times Index | 4472.26 | 1.14 |
| S&P/NZX 50 | 13531.29 | 0.23 |
| Thailand SET Index | 1305.24 | 1.52 |
| FTSE Bursa Malaysia KLCI | 1630.03 | -0.49 |
| TAIEX | 27211.95 | 1.68 |
## Market Commentary at Asian Session Close
**Asian Market Summary – Close of Session (October 3, 2023)**
**Japan:** The Nikkei 225 closed at a record high for the third consecutive day, ending at 47,950.88, a slight increase of 0.01%. Investor sentiment was buoyed by the recent election victory of Sanae Takaichi as the leader of the Liberal Democratic Party, which is expected to usher in a more dovish fiscal policy. This optimism extended to Japan’s bond market, where traders are bracing for potential shifts in government bond yields due to anticipated fiscal changes.
**China:** The Shanghai Composite rose by 0.52% to close at 3,882.78. The Shenzhen Component also saw gains, up 0.35% to 13,526.51. Market sentiment was positively impacted by the announcement of a Hong Kong IPO by Sungrow Power Supply, a leading solar inverter manufacturer, which reflects growing investor interest in renewable energy sectors. Additionally, the launch of the world’s first commercial underwater data center in Hainan is expected to enhance China’s tech infrastructure and attract foreign investment, contributing to positive market dynamics.
**Hong Kong:** The Hang Seng Index, however, fell by 0.67%, closing at 26,957.77. This decline came amid concerns over the real estate sector, despite high-profile property sales indicating some resilience in the market. The overall sentiment was mixed as investors weighed the implications of the broader economic environment against local developments.
**South Korea:** The KOSPI surged by 2.70% to 3,549.21, driven by strong gains in technology stocks. The positive momentum was reinforced by Korean Air’s partnership with Sweden’s Wingbits for advanced air mobility research, signaling innovation in the aviation sector.
**India:** The Nifty 50 closed slightly higher at 25,108.30, up 0.12%. The market remains cautious, reflecting broader global uncertainties, including inflation and geopolitical risks.
**Singapore:** The Straits Times Index increased by 1.14% to 4,472.26, buoyed by the expansion of Universal Investment into the APAC region. This move highlights Singapore’s growing role as a financial hub for European investors seeking opportunities in Asia.
**Commodities and Currencies:** Gold prices continue to rally, with forecasts indicating a strong year ahead, potentially breaching $4,000 per ounce by early 2026. The weaker U.S
## FX, Commodities, and Crypto Performance
At the close of the Asian session, the FX market displayed mixed movements. The USD/JPY rose by 0.35%, reflecting a stronger dollar against the yen, while the AUD/USD declined by 0.30%, indicating bearish sentiment towards the Australian dollar. In commodities, gold edged up 0.16%, while crude oil saw a slight decrease of 0.16%. In the cryptocurrency space, Bitcoin fell by 0.31%, suggesting cautious sentiment among investors, whereas Ethereum gained 0.21%, indicating a more positive outlook. Overall, market sentiment appears cautious, with varying performance across asset classes.
**FX Pairs**
| Currency Pair | Price | Daily Change (%) |
|---|---|---|
| USD/JPY | 150.77 | 0.35 |
| USD/CNY | 7.12 | 0.02 |
| USD/SGD | 1.29 | 0.08 |
| AUD/USD | 0.66 | -0.30 |
| USD/NZD | 1.72 | 0.50 |
| USD/INR | 88.74 | 0.07 |
**Commodities**
| Commodity | Price | Daily Change (%) |
|---|---|---|
| Gold December | 3982.00 | 0.16 |
| Crude Oil December | 61.60 | -0.16 |
**Cryptocurrencies**
| Crypto | Price | Daily Change (%) |
|---|---|---|
| Bitcoin | 124334.44 | -0.31 |
| Ethereum | 4696.29 | 0.21 |
## Economic Events During Asian Session
The following table lists medium to high-importance economic events from Asian countries that occurred during the Asian session (yesterday 17:00 to today 03:30 ET), impacting market close.
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-10-06 | 19:30 | 🇯🇵 | Medium | Household Spending (MoM) (Aug) | 0.6% | 0.1% |
| 2025-10-06 | 19:30 | 🇯🇵 | Medium | Household Spending (YoY) (Aug) | 2.3% | 1.4% |
| 2025-10-06 | 19:50 | 🇯🇵 | Medium | Adjusted Current Account (Aug) | 2.45T | |
| 2025-10-06 | 19:50 | 🇯🇵 | Medium | Current Account n.s.a. (Aug) | 3.540T |
During the Asian session on October 6, 2025, notable economic events from Japan impacted market sentiment and currency movements. The release of Japan’s Household Spending data for August showed a significant increase, with a month-over-month rise of 0.6%, surpassing the forecast of 0.1%. Year-over-year spending also exceeded expectations, coming in at 2.3% against a forecast of 1.4%. These results indicate stronger consumer confidence and spending, which could lead to positive adjustments in economic growth forecasts.
However, the Adjusted Current Account and Current Account figures for August were not released, leaving some uncertainty regarding Japan’s external balance. Despite this, the positive household spending data contributed to a stronger Japanese Yen (JPY) against major currencies, reflecting increased investor confidence in Japan’s economic resilience.
At the close of the session, the JPY appreciated against the USD, with traders reacting favorably to the robust spending figures, suggesting potential upward pressure on the Yen as market participants reassess their positions in light of Japan’s economic indicators.
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