Stocks in the Asia-Pacific region were mixed Monday, Feb. 5, with the Japanese market showing a second day of increases and shares in Hong Kong declining for the second day.
The Hang Seng Index Hang Seng Index of Hong Kong companies dropped 0.2% to 15,510.01, while the Nikkei 225 Index NIKKEI 225 Index of Japanese companies gained 0.5% to 36,354.16.
The dollar remained strong in the lower 148 yen zone in Tokyo, following a surge on Friday on receding expectations for imminent interest rate cuts by the U.S. Federal Reserve after positive January employment data, dealers said.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.
