Asian markets rise following Wall Street rally; investors await US inflation data

Asian stocks saw mostly positive performance on Wednesday following a significant rally on Wall Street, which propelled the Nasdaq composite index to a record high. This uptick was partly driven by a report revealing that wholesale prices in the United States rose by 0.5% in April, surpassing forecasts and indicating persistent inflationary pressures.

Investors are anticipating the release of the U.S. consumer price index later on Wednesday, which is expected to show a year-over-year decrease to 3.4% for April.

In Asian markets, Tokyo’s Nikkei 225 and Australia’s S&P/ASX 200 both rose by 0.4%, while China’s Shanghai Composite fell by 0.4% after the central bank maintained a key lending rate. Taiwan’s Taiex gained 1.4%, and Bangkok’s SET remained stable. Markets in South Korea and Hong Kong were closed for holidays.

In other trading, U.S. crude oil prices rose to $78.74 per barrel, while Brent crude increased to $83.03. The U.S. dollar slightly declined against the Japanese yen and the euro.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity Asian Values

More articles like this

Fidelity Asian Values

Asian markets rebound as investor sentiment improves

Asian equities gained momentum, taking cues from Wall Street’s positive performance. This came as US Treasuries paused a selloff that had driven 10-year yields up to 4.5%. Traders remain attentive to developments surrounding President-elect Donald Trump’s

Fidelity Asian Values

Asian markets climb amid thin trade and economic concerns

In light trading on Monday, Asian stocks saw notable gains as Japanese markets remained closed for the Culture Day holiday. Despite ongoing tensions in the Middle East and growing caution around the U.S. presidential election and

Fidelity Asian Values

Asian markets rise amid eased Middle East concerns

Asian stocks showed gains on Monday, driven by relief that Israel’s recent conflict with Iran avoided a full escalation. Israel’s weekend strike against Iran, while serious, steered clear of targeting crucial oil and nuclear facilities, lessening

Fidelity Asian Values

Asian markets rise amid economic optimism and regional stability

Asian stock markets experienced an upswing, buoyed by Wall Street’s strong performance. Notable gains were seen in Shanghai, South Korea, and Singapore, reflecting positive investor sentiment. However, this optimism was tempered by concerns over China’s debt

Fidelity Asian Values

Asian stock markets Rally amid robust economic data

Asian stock markets experienced significant gains on Monday, while the US dollar reached a seven-week high against the yen, buoyed by surprisingly strong labour market data in the United States. This unexpected economic strength alleviated concerns

Fidelity Asian Values

Southeast Asian markets outperform

Since the end of June, Southeast Asian markets, including the Philippines, have outperformed the United States. This was driven by growing expectations that the US Federal Reserve would adjust its policy, which caused the dollar to

DirectorsTalk

Asian markets boosted by Nvidia surge and soft Japanese inflation

On Thursday, most Asian stocks saw gains, especially in the technology sector, following a strong overnight performance by Nvidia. Japanese markets, in particular, performed well due to lower-than-expected producer inflation data, which contradicted recent hawkish remarks

Fidelity Asian Values

Asian markets show gains as yen stabilises

On Tuesday, Asian markets experienced gains, driven by the rise in Japanese stocks, while the yen showed signs of stabilisation after a period of weakness against the US dollar. Japanese equities performed strongly, with a positive

Fidelity Asian Values

Asian stocks rebound as market worries ease

Asian markets largely extended their gains. This improvement in sentiment comes after last week’s turmoil, which was driven by fears of a potential US recession. Investors have since seen these concerns ease somewhat, especially ahead of