Asian stock markets traded largely higher on May 21, with strong gains seen across key regional indices including Japan’s Nikkei, South Korea’s Kospi, and Taiwan markets. Investors tracked broader regional sentiment as several benchmark indices closed in positive territory.
Japan’s Nikkei index surged 3.54% to close at 61,923.78, marking one of the strongest performances among major Asian markets during the session. South Korea’s Kospi also recorded a sharp rally, rising 6.59% to 7,683.79.
Taiwan markets witnessed significant buying activity, with the Taiwan Weighted Index climbing 3.4% to 41,382.14. Australia’s ASX 200 advanced 1.68% to settle at 8,639.
In China, the Shanghai Composite Index gained 0.83% to 4,196.925, while the Shenzhen Component Index rose 1.95% to 15,872.991. Hong Kong’s Hang Seng Index also traded higher, adding 0.44% to reach 25,763.56.
Elsewhere in the region, New Zealand’s NZX 50 increased 0.37% to 12,807.74, while Singapore’s STI edged up 0.39% to 5,064.71. The SGX-CNBC China Growth Index gained 1.11% to 1,728.669.
Malaysia’s benchmark index was the only major market in negative territory among the listed indices, slipping 0.05% to 1,716.78.
Disclaimer: The market data and index movements mentioned above are for informational purposes only and do not constitute financial or investment advice. Market conditions can change rapidly, and investors should conduct their own research or consult a qualified financial advisor before making any investment or trading decisions in the stock market.