Most Asian stock markets closed higher! The Nikkei and KOSPI surged, boosted by support from US stock markets.

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Asian stock markets mostly closed in positive territory today (September 4, 2569), with Japan and South Korea showing strong gains. Hong Kong gained more than 1.7%, while Chinese markets fell. Investors are also watching the US August non-farm payroll report, which will be a key factor in the direction of the US Federal Reserve's monetary policy. Meanwhile, US Treasury yields fell after Fed officials signaled their views on the direction of interest rates.

Japanese stock market

The Nikkei index surged more than 1%, boosted by positive sentiment in the US stock market the previous day. Investors are also watching for the US August employment report, to be released today, following gains in all three major US stock indices on Thursday, with the Dow Jones adding more than 600 points.

  • The Nikkei index closed at 65,020.94 points, up 806.46 points or +1.26%.

Chinese stock market

The Shanghai Composite Index fell, contrary to most Asian stock markets which closed in positive territory, as investors monitored the direction of the US financial markets and the August employment report, which could affect the Federal Reserve's interest rate policy decisions.

  • The Shanghai Composite Index closed at 3,930.12 points, down 11.97 points or -0.30%.

Hong Kong Stock Market

The Hang Seng Index rose sharply, driven by generally positive sentiment in Asian stock markets following the strong gains in the US stock market the previous day. Investors are also watching US employment data, a key factor influencing interest rate outlooks.

  • The Hang Seng Index closed at 25,650.87 points, an increase of 437.56 points or +1.74%.

South Korean stock market

The KOSPI index surged more than 1.6%, as South Korean stocks moved strongly amid positive sentiment from the US stock market following a decline in US bond yields, while investors awaited the US August employment report.

  • The South Korean stock market composite index closed at 6,687.21 points, up 107.73 points or +1.64%.

Reference: www.cnbc.com

 

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