Red flags fly at Tiananmen Square in Beijing, China, Wednesday, July 10, 2024.
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Asia-Pacific stocks rose on Thursday, led by Hong Kong stocks Hang Seng Index Mainland China markets continued their gains.
Hong Kong Hang Seng Index It rose 3%, the highest since May.
CSI 300 hits record high for seventh consecutive trading dayeEconomic growth hit a new high in nearly two months after Beijing launched a series of economic stimulus measures on Tuesday. The index rose 1.58%.
Japanese Nikkei Index The Bank of Japan rose 2.51%, while the Topix gained 2.12% Published meeting minutes July meeting.
Korean Cospi The stock rose 2.41%, driven by a more than 8% gain in chipmaker SK Hynix, while small-cap Kosdaq rose 2.18%.
SK hynix announced On Wednesday, the company started mass production of the world’s first 12-layer HBM3E chip, which is used in AI memory applications.
Australian S&P/ASX 200 Index It rose 0.98%.
Overnight in America, Dow Jones Industrial Average and S&P 500 Index slip and retreat from their latest record. Despite setting a new record in early trading, the Composite Index fell 0.19% and the 30-stock Dow Jones Industrial Average fell 0.7%.
this Nasdaq Index A slight increase of 0.04%.
—CNBC’s Brian Evans and Jesse Pound contributed to this report.
