Asia-Pacific markets climb after massive rally on Wall Street on U.S.-China trade deal
Asia-Pacific markets climbed Tuesday, following a massive rally on Wall Street after the U.S. and China agreed to a trade deal.
Japan’s benchmark Nikkei 225 surged 2.17% at the open, while the broader Topix index advanced 1.77%.
In South Korea, the Kospi index moved up 0.13% while the small-cap Kosdaq added 1.01% in early trade.
Australia’s S&P/ASX 200 rose 0.71%.
Futures for Hong Kong’s Hang Seng index stood at 23,403, pointing to a weaker open compared to the HSI’s last close of 23,549.46.
Investors will be paying close attention to Indian markets, which surged Monday on optimism over the India—Pakistan ceasefire. The benchmark Nifty 50 ended the day at 24,924.70, its highest level since Oct. 16, 2024, while the BSE Sensex index closed at 82,429.90, its highest since Oct. 3, 2024.
Source: CNBC