Asian markets finished trading on a positive note on Wednesday, tracking the overnight advance to record highs on Wall Street. A larger-than-expected decline in consumer prices in China reignited hopes of fresh governmental support.
Expectations that the new political establishment in Japan would support a less hawkish monetary policy also boosted sentiment amidst the political uncertainty.
China’s Shanghai Composite Index inched up 0.1 percent to finish trading at 3,812.22. The day’s trading ranged between 3,827.00 and 3,794.06. The Shenzhen Component Index closed 0.4 percent higher at 12,557.68.
The Japanese benchmark Nikkei 225 Index rallied 0.9 percent to close at 43,837.67. The day’s trading range was between 43,482 and 43,855. SoftBank Group topped gains with a surge of 7.3 percent. Furukawa Electric, Fujikura and Kansai Electric Power followed with gains of more than 5 percent. Sumitomo Dainippon Pharma declined 4.1 percent.
The Korean Stock Exchange’s Kospi surged 1.7 percent to close trading at 3,314.53. The day’s trading range was between 3,272.07 and 3,317.77.
The Hang Seng Index of the Hong Kong Stock Exchange jumped 1.0 percent from the previous close to finish trading at 26,200.26. The day’s trading range was between a high of 26,296.60 and a low of 26,017.50.
Australia’s S&P/ASX200 Index closed trading at 8,830.40, gaining 0.3 percent from the previous close. The day’s trading range was between 8,790.40 and 8,837.40.
Mercury NZ topped gains with a surge of 6.5 percent. Telix Pharma and Judo Capital Holdings followed with gains of more than 4 percent. Liontown Resources plunged 18.4 percent followed by Pilbara Minerals that declined 17.3 percent.
The NZX 50 Index of the New Zealand Stock Exchange gained 0.2 percent to close trading at 13,276.24, versus the previous close of 13,253.73. The day’s trading ranged between 13,215.26 and 13,314.02.
Biotechnology company Pacific Edge topped gains with a spike of 12.8 percent amidst a positive news for its testing solution. Mainfreight led losses with a plunge of 5.9 percent.
Wall Street closed at record highs on Tuesday as a massive downward revision to the jobs data cemented hopes of a quarter-percentage rate cut by the Federal Reserve next week. The Dow Jones Industrial Average added 0.4 percent to finish trading at 45,711.34. The Nasdaq Composite also climbed 0.4 percent to close trading at 21,879.49.
Business News
Asian Markets Close Higher Following Advance On Wall Street
2025-09-10 10:07:26
