Asian markets climbed after a consecutive two-day rally in US stocks softened the impact of a challenging April.
Tokyo’s stock market saw significant gains, with the Nikkei 225 index rising by 2.4%, or 907.92 points, to close at 38,460.08, and the broader Topix index increasing by 1.7%, or 44.50 points, to 2,710.73.
In Australia, the S&P/ASX 200 index went up by 0.3% to 7,705.70 after the country reported a fifth straight quarter of slowing inflation, with the consumer price index for the first quarter cooling to 3.6% from the previous 4.1%.
https://youtu.be/kSk7lLXOGgY?si=zgNscW0UcBrD4x42
South Korea’s Kospi index grew by 1.9% to 2,672.87, buoyed by a 3.8% surge in Samsung Electronics.
Hong Kong’s Hang Seng index rose by 1.3% to 17,053.06, and the Hang Seng Tech Index saw a 2.7% increase. Meanwhile, the Shanghai Composite index inched up by 0.2% to 3,026.88.
Taiwan’s Taiex also advanced by 2.3%.
In the US, Wall Street extended its gains for another day on Tuesday, driven by strong corporate earnings, with the S&P 500 increasing by 59.95 points to 5,070.55, the Dow Jones Industrial Average rising by 263.71 to 38,503.69, and the Nasdaq composite soaring by 245.33 points to 15,696.64.
