Japan, Korea stocks rise as Asian equities gain; tech leads, with bonds in focus
The MSCI Asia Pacific Index is up 0.6% after a key gauge of US semiconductor shares climbs
On September 30, Asian equities experienced a surge, marking the first gain in three sessions, as technology shares led the market upward. The MSCI Asia Pacific Index rose by 0.6%, with stocks in Japan and South Korea contributing to the increase. Japan's Topix gained 0.9%, while Australia's S&P/ASX 200 remained unchanged. US semiconductor shares saw a significant jump, influencing the broader market's positive trend.
Meanwhile, bond markets remained a focus as investors anticipated crucial US inflation data. The S&P 500 futures climbed 0.3%, and Hang Seng futures fell by 0.3%. The MSCI Asia Pacific Index's rise came after a surge in key US semiconductor shares, while US President Donald Trump voiced his opposition to regulations on artificial intelligence.
Brent crude oil prices gained 0.6% to $103.25 a barrel, following a 2.6% dip the previous day, as Saudi Arabia reportedly restored about half of its East-West pipeline capacity following drone attacks. The US Treasury's longest-dated bond yields reached their highest level since 2002, drawing attention to the bond markets. New Zealand government bonds surged, benefiting from a mixed performance of US Treasuries on Tuesday.
Investors are closely monitoring the situation, anticipating potential rate hikes by the US Federal Reserve, as concerns about persistent inflation and government spending continue to weigh on the economy.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Global Market Today: Asian shares rise as tech stocks lead, bonds in focus economictimes.indiatimes.com
- KKR sells Japan and Korea storage tank assets investing.com
