On Friday, Asian stock markets rose following new records set in the U.S. markets, supported by positive economic data and mixed corporate results.
Key Stock Market Indicators in Asia
Japan’s Nikkei 225 dipped 0.1% to 39,854.28, as investors stayed cautious ahead of Sunday’s upper-house election, which could strip the ruling coalition of its majority.
Market Dynamics in the Region
In other parts of Asia, Hong Kong’s Hang Seng added 0.7% to close at 24,676.64, while Shanghai’s Composite rose 0.3% to 3,528.90. Taipei’s Taiex was up 0.9%, buoyed by a 2.2% jump in Taiwan Semiconductor Manufacturing Co.’s shares after the chipmaker announced a significant surge in quarterly net income.
Impact of Artificial Intelligence on U.S. Stock Markets
Trading in U.S. markets has seen gains bolstered by AI-related stocks. For instance, Nvidia climbed about 1%, and PepsiCo jumped 7.5% after beating revenue and profit estimates.
Overall, stock market trends show a positive outlook, but local elections and economic indicators continue to influence investor decisions.
