
Asian equities rallied on Friday, following a strong rebound in technology stocks that pushed Wall Street to record highs. The S&P 500 surpassed the 6,100 milestone, advancing 0.5% as tech shares rebounded in the final trading hours. Meanwhile, oil prices fell after U.S. President Donald Trump urged OPEC to lower crude prices and called for interest rate cuts.
Key Highlights:
- Tokyo Markets: Equity benchmarks in Tokyo rose ahead of the Bank of Japan’s interest rate decision, where a hike is anticipated.
- Asian Markets: Gains were observed across major Asian indices, including Sydney and Seoul, buoyed by Wall Street’s optimism.
Performance of Major Asian Indices:
Index | Price | Change | % Change |
---|---|---|---|
Shanghai Composite | 3,243.9 | +13.74 | +0.43% |
Nikkei | 40,192.85 | +233.98 | +0.59% |
Hang Seng (HSI) | 20,046.97 | +346.41 | +1.76% |
Shenzhen | 10,263.71 | +87.53 | +0.86% |
Kospi | 2,535.31 | +19.82 | +0.79% |
ASX 200 | 8,417.9 | +39.2 | +0.47% |
Taiwan | 23,525.41 | +225.4 | +0.97% |
The positive momentum was also fueled by President Trump’s speech at the World Economic Forum, where he emphasized the need for lower interest rates and cheaper oil. Investors are now looking forward to the Bank of Japan’s decision, which could shape further market movements.
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