Asian equities opened strong on April 8, showing signs of recovery after last week’s deep sell-off triggered by global trade tensions and rising market volatility. Leading the gains was Japan’s Nikkei 225, which surged 2,096.74 points or 6.73% to 33,233.32, making it the biggest single-day rally in months.
Hong Kong’s Hang Seng index rose 1.63% or 329.22 points to 20,157.52, while South Korea’s Kospi climbed 37.14 points or 1.60% to 2,365.34. The rebound in these major indices reflects improved investor sentiment following a positive turnaround in US futures.
Other key movements in Asian markets included:
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Shanghai Composite: Up 13.47 points or 0.43% at 3,110.05
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Straits Times (Singapore): Down 77.19 points or -2.18% at 3,463.31
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Taiwan Weighted: Down 510.30 points or -2.65% at 18,722.05
The rally across Nikkei, Hang Seng, and Kospi came as US futures showed strong gains, with Dow Futures rising over 575 points (+1.51%), S&P 500 Futures up 1.14%, and Nasdaq Futures gaining 1.11%.
The uptick in sentiment is being closely watched by traders, especially as uncertainties continue around the global tariff situation and potential US Fed rate decisions. While volatility remains elevated, today’s early surge in Asia provides a breather after a tumultuous week.
Disclaimer: The above article is for informational purposes only. Please consult a financial advisor before making any investment decisions.
