Evening view of Victoria Terminus or Chhatrapati Shivaji Terminus (CST) and central Mumbai Mumbai India
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India’s benchmark index hit a record high on Thursday as Asia-Pacific markets tracked Wall Street’s gains on Fed rate-cut hopes and a tech rebound.
This Nifty 50 26,284.2, while the BSE Sensex touched 86,026.18. Both indices last touched record highs in September 2024.
Japan’s benchmark Nikki 225 The index closed 1.23% higher at 50,167.1, led by tech stocks, while the Topix index closed 0.39% higher at 3,368.57. were among the top movers Advantest4.88%, tech group Softbank Group increased by 3.57% and Lasertechwhich was increased by 4.6%.
South Korea’s Kospi rose 0.66% to 3,986.91, while the small-cap Kosdaq gained 0.31% to 880.06. The Bank of Korea left its benchmark interest rate unchanged at 2.5% – in line with expectations – for the fourth consecutive policy meeting, amid a weaker local currency and an overheated housing market. The Korean won has weakened against the greenback in recent months, hitting its lowest level since April.
Australia’s ASX/S&P 200 closed up 0.13% at 8,617.3.
of Hong Kong Hang Seng Index And the mainland’s CSI 300 closed flat at 25,945.93 and 4,515.4, respectively.
China’s industrial profits fell 5.5% in October from a year earlier, government data showed showed Thursday. Profits for the first 10 months of the year rose 1.9% year-on-year, compared with growth of 3.2% in the January-September period.
Overnight, major indices in the US posted four straight days of gains on rising hopes for a Federal Reserve interest rate cut in December. Investors see an 85% chance of a quarter-percentage-point rate cut in December, up from 30% last week. CME FedWatch Tool.
Shares of Artificial Intelligence Player Oracle Jumped more than 4% on Wednesday, boosting the main average after Deutsche Bank supported his bullish stance on the name.
Stateside on Wednesday, The Dow Jones Industrial Average Ended at 47,427.12, up 314.67 points or 0.67%. This S&P 500 rose 0.69% to settle at 6,812.61, while Nasdaq Composite 0.82% to close at 23,214.69.
— CNBC’s Sean Conlon and Piya Singh contributed to this report.