Asia-Pacific stock markets rose across the board, with the Japanese stock market up more than 2% and the South Korean stock market reclaiming lost ground since the sharp drop on August 5th
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On Wednesday, August 16, Asian stock markets opened higher, with the MSCI Asia Pacific Index rising by 1%. Overnight, all three major U.S. stock indexes rose, with the S&P 500 Index rising for the sixth consecutive session.
【Update as of 9:00】
The Taiwan Stock Exchange Weighted Index rose by 1% to 22,114.72 points.
The Straits Times Index in Singapore expanded its gains to 1%.
The Nikkei 225 Index surged by over 2.42% to 37,609.96, while the TOPIX Index rose by 1.97% to 2,651.97.
【Update as of 8:40】
Nikkei 225 Surges Over 2.6%, Leading Asian Stock Markets
The Nikkei 225 Index surged by over 2.6% to 37,710.84, while the TOPIX Index rose by 2.32% to 2,660.98.
The Japanese Yen traded sideways, with the USD/JPY pair down by 0.2% at 149.
Asian Markets Open Higher
The KOSPI in Seoul, South Korea, rose by 2% to 2,696.17, reclaiming all lost ground since the decline on August 5.
The Australian stock index S&P/ASX 200 rose by 1.31% to 7,968.70 points.
Oil Prices Decline, Gold Volatile
Oil prices fell on Friday, with WTI crude down by 0.23% and Brent crude down by 0.17%.
Spot gold remained volatile, rising by 0.1%.
