Asian equities advanced on Thursday, reflecting gains from Wall Street, which ended Wednesday’s session with key indices posting gains.
In the US, the Dow Jones Industrial Average rose 317.24 points (+0.71%) to close at 44,873.28, the S&P 500 gained 23.60 points (+0.39%) to finish at 6,061.48, and the Nasdaq Composite advanced 38.32 points (+0.19%) to 19,692.33.
Asian stock market index updates (as of 8:25 am February 6)
| Index | Price | Change | % Change |
|---|---|---|---|
| Shanghai Composite | 3,244.92 | +15.43 | +0.48% ▲ |
| Nikkei | 38,888.04 | +56.56 | +0.15% ▲ |
| Hang Seng (HSI) | 20,634.98 | +37.89 | +0.18% ▲ |
| Shenzhen Component | 10,279.25 | +115.03 | +1.13% ▲ |
| KOSPI | 2,525.8 | +16.53 | +0.66% ▲ |
| ASX 200 | 8,504.8 | +87.9 | +1.04% ▲ |
| NZX 50 | 12,844.59 | -60.45 | -0.47% ▼ |
Indian indices Sensex and Nifty 50 are expected to open higher, tracking positive cues from GIFT Nifty, which traded at 23,801.5 earlier this morning. Indian markets closed lower on February 5 due to losses in consumer stocks and disappointing earnings reports. Investor sentiment remains cautious ahead of the Reserve Bank of India’s key bi-monthly policy announcement scheduled for February 7, which could influence market direction in the upcoming sessions.
Asian currency performance
The performance of Asian currencies was mixed on Thursday. The Malaysian Ringgit, China Renminbi, and South Korean Won led the list of losers, while the Indonesian Rupiah, Japanese Yen, and Philippines Peso emerged as the day’s top gainers.
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