Asian Markets Today: Kospi surges 5%, Nikkei gains 3% after Wall Street's best day in 7 months - What's fuelling rally?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Asian equity markets traded sharply higher on Tuesday, tracking a strong overnight rally on Wall Street.
- ✓South Korea’s Kospi index jumped more than 5%, while Japan’s Nikkei 225 advanced nearly 4%.
- ✓Falling crude oil prices and a recovery in technology shares helped global markets gain after a very volatile week.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Livemint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Asian stocks today: Asian equity markets traded sharply higher on Tuesday, tracking a strong overnight rally on Wall Street, where technology shares staged a recovery and falling crude oil prices helped US benchmarks record their best session in seven months. South Korea led the regional advance, while Japanese equities also rebounded after suffering heavy losses in the previous week.
Meanwhile, Indian equity markets remained closed on Tuesday for Diwali-Balipratipada, leaving global cues in focus ahead of the next domestic trading session.
MSCI Inc.’s gauge of regional equities climbed 1.6%. South Korea's Kospi Index jumped more than 5% in early trading, while Japan's Nikkei 225 advanced nearly 4%. A broader gauge of Asian shares rose 1.5%, and futures tracking US benchmark indices edged higher. Among other regional markets, Hong Kong's Hang Seng Index gained 0.31% to 24,517, while Singapore's Straits Times Index slipped 0.04% to 5,257.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Livemint
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.