Asia-Pacific Markets on the Rise

On Thursday, the Asia-Pacific markets experienced a significant uptick, buoyed by the latest earnings reports from major corporations. This positive movement reflected the gains observed on Wall Street, as investors seemed to overlook recent trade tensions and disappointing earnings from the US tech sector.

Market Highlights

By 7:22 am CET, Japan's Nikkei 225 had climbed by 0.70%, while Australia's S&P/ASX 200 ended its trading session up by 1.23%. Meanwhile, South Korea's Kospi saw an increase of 0.87% by 7:23 am CET.

In mainland China, the Shenzhen Composite surged by 2.10% by 7:09 am CET, with the Shanghai Composite not far behind, gaining 0.86% by 7:24 am CET. Hong Kong's Hang Seng also enjoyed a rise, increasing by 0.74% a minute later.

Currency Movements

In the currency markets, the dollar experienced a slight decline against the Japanese yen, down by 0.16% at 7:26 am CET, trading at ¥1.03886.