Asian markets rise on US gains, ahead of Chinese legislative session

Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing’s annual growth target and other key policies will be announced.

Japan’s benchmark Nikkei 225 index surpassed the 40,000 mark for the first time, with analysts predicting it could advance even further, lifted by Wall Street rallies, robust corporate earnings and optimism over artificial intelligence.

In New York, the S&P 500 and the tech-rich Nasdaq ended Friday at all-time highs off continued momentum for AI-linked equities, especially chip-maker Nvidia, which finished with a valuation above $2 trillion for the first time.

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 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

Fidelity Asian Values

Asian stock markets rally as recession fears ease

Asian stocks generally advanced on Monday, building on a recovery from the previous week. This uptick was driven by growing optimism that fears of a U.S. recession may have been overstated. The focus for investors now

Fidelity Asian Values

Asian stocks surge as Tokyo leads strong rebound

Tokyo stocks surged over 10 per cent on Tuesday, rebounding from a record selloff driven by concerns about the US economy and a stronger yen. The Nikkei 225 index soared 10.33 per cent, gaining 3,249.36 points

Fidelity Asian Values

Asian markets rally despite Chinese economic concerns

Most Asian stocks saw gains on Tuesday, taking cues from a strong finish on Wall Street, driven by growing expectations for a September interest rate cut. However, Chinese markets lagged due to concerns over a cooling

Fidelity Asian Values

Asian stocks rise on US rate cut hopes

Asian stocks saw a slight increase on Monday as investor confidence grew regarding a potential US rate cut in September. Meanwhile, the euro faced challenges due to political uncertainty stemming from the recent French elections, which

Fidelity Asian Values

Asian stock markets surge on softer US inflation data

Asian stock markets experienced gains as traders responded positively to softer US inflation data, with Indonesian stocks leading the surge. However, the South Korean won faced a dip. Easing inflation in the US is sending positive

Fidelity Asian Values

Asian stocks surge amid US tech rally

Asian stocks experienced a notable rise, spurred by a surge in large US tech shares, which propelled Wall Street to another record high. Most benchmarks in Asia saw gains, with Japan, Australia, and South Korea leading

Fidelity Asian Values

Asian earnings growth to surpass US and Europe

Earnings growth in Asia is forecasted to outpace that of the US and Europe for both this year and the next, according to a recent analysis by CLSA, which cites Bloomberg’s projections. This optimistic outlook aligns