Asia-Pacific markets mostly higher after Wall Street benchmarks hit new records despite global political chaos
Asia-Pacific markets mostly higher after Wall Street benchmarks hit new records despite global political chaos
Asia-Pacific markets opened mostly higher on Thursday, tracking gains on Wall Street as all three major stock indexes notched record highs.
Investors will continue to monitor the political situation in South Korea and France. Less than a day after he declared martial law, lawmakers in South Korea filed a motion to impeach President Yoon Suk Yeol.
Meanwhile, French lawmakers on Wednesday passed a no-confidence vote against the government of Prime Minister Michel Barnier, who tried to push through a contested budget bill without parliamentary approval by deploying special constitutional powers.
South Korea released its revised gross domestic product in the third quarter, which showed the economy expanding 0.1% quarter-on-quarter, and 1.5% on an annual basis. The figure was the same as advanced estimates.
South Korea’s market opened higher but quickly lost momentum. The Kospi fell marginally by 0.39% while Kosdaq lost 0.69%
Australia’s S&P/ASX 200 traded 0.22% higher.
Japan’s Nikkei 225 jumped 0.88%, while the Topix rose 0.27%.
Hong Kong’s Hang Seng index futures were at 19,622, lower than the HSI’s last close of 19,742.46.(Cay)
Source: CNBC
