Asian markets rebound as Wall Street rally lifts sentiment
Asian shares rose on Thursday, tracking overnight gains on Wall Street after upbeat economic data and corporate earnings helped restore investor confidence following a volatile start to the week.
In Tokyo, the Nikkei 225 climbed 1.5% to 50,959.14, supported by a 1.3% rise in Nissan Motor, which announced plans to sell its Yokohama headquarters to boost liquidity ahead of its earnings release later in the day.
Elsewhere in the region, South Korea’s Kospi advanced 1.2% to 4,054.15, Taiwan’s Taiex gained 0.7%, and Hong Kong’s Hang Seng jumped 1.6% to 26,361.40. The Shanghai Composite Index rose 0.9% to 4,004.25 amid cautious optimism over China’s economic outlook.
The rebound followed a stronger session in the U.S., where the Dow Jones Industrial Average gained 0.6% to 47,377.06, the S&P 500 added 0.8% to 6,823.92, and the Nasdaq Composite surged 1.2% to 23,616.11, led by technology and consumer discretionary stocks.
In bond markets, the yield on the benchmark 10-year U.S. Treasury rose to 4.161%, up from 4.091% on Tuesday, as investors priced in stronger growth prospects.
