In January, the sales of new housing in Shanghai increased by 16% year-on-year, with second-hand housing sales remaining above 0.015 million units for four consecutive months.

Barclays analysts still expect the Federal Reserve to cut interest rates once this year. They stated in a client report, "Currently, the risk leans towards the Federal Reserve not cutting rates this year, and to some extent we are placing more emphasis on the scenario of raising rates entering the discussion as a non-benchmark situation."

The Nikkei 225 Index closed up 1.3% in the early session, reaching 39,474.80 points; the Tokyo Stock Exchange Index rose 1.1% in the early session, reaching 2,762.34 points.