Asia Stock Markets Performance: Asian stock markets rose on Friday, driven by a rebound in technology shares and a Wall Street rally, with Japan's stocks outperforming after a rate hike by the Bank of Japan.
Japan's Economic Indicators: Japan's inflation eased slightly to 2.9% in November, while core inflation remained steady at 3%. The Bank of Japan raised its key interest rate to 0.75%, the highest since 1995, indicating potential future hikes.
Tourism and Producer Prices: Sri Lanka saw a 15.6% year-on-year increase in foreign tourist arrivals in November, while South Korea's producer prices rose 1.9% year-on-year, the highest since July 2024.
Market Trends in Other Regions: Other Asian markets, including China, Hong Kong, and India, also experienced gains, with sectors like healthcare and technology leading the way, while Australia's private sector credit exceeded expectations despite a decline in commodity prices.
Wall Street analysts forecast FXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast FXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 39.340
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Current: 39.340
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
