Most Asian stock indexes traded higher, mirroring the gains seen on Wall Street after a volatile trading session. U.S. futures showed little movement, while oil prices increased. Japan's Nikkei 225 rose, driven by positive earnings season sentiment and anticipation of U.S. interest rate cuts, despite a slight miss in core machinery orders data. South Korea's Kospi reached a record high, boosted by buying in tech and auto stocks amid hopes of a U.S.-Korea tariff deal.
In China, Hong Kong's Hang Seng index declined, while the Shanghai Composite index saw a modest increase. Australia's S&P/ASX 200 broke the 9,000 level for the first time, supported by strong performance in gold stocks due to rising gold prices. An increase in Australia's jobless rate also fueled expectations of potential rate cuts by the Reserve Bank. India's BSE Sensex and Taiwan's Taiex also advanced.
This follows a mixed performance on Wall Street, where the S&P 500 and Nasdaq Composite closed higher after significant fluctuations, while the Dow Jones Industrial Average s... download the app to read more
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