Asian stock markets largely traded higher on Thursday, mirroring a rebound on Wall Street after an erratic trading session. U.S. futures showed little movement, while oil prices saw an increase. Japan’s Nikkei 225 rose by 0.8%, driven by a positive start to the earnings season and expectations of U.S. interest rate cuts. South Korea’s Kospi reached a record high, surging 1.8% due to buying in technology and auto sectors, influenced by anticipated progress on U.S.-Korea tariff negotiations.
In China, Hong Kong’s Hang Seng index declined by 0.4%, while the Shanghai Composite index edged up by 0.1%. Australia’s S&P/ASX 200 climbed 8%, surpassing the 9,000 mark for the first time, supported by gains in gold stocks benefiting from rising gold prices. India’s BSE Sensex added 0.5%, and Taiwan’s Taiex advanced by 1.5%.
On Wednesday, U.S. stocks experienced a mixed performance. The S&P 500 gained 0.4%, and the Nasdaq composite rose 0.7%, with technology stocks leading the gains, partly due to a strong profit report from ASML, a semiconductor equipment supplier. Several large banks also contributed to... download the app to read more
YoyoFeed ! Follow top global news sources, read AI-powered summaries, ask AI your questions, translate news into your language, and join live chats — all with YoyoFeed!
