Commercial and residential buildings are brightly lit at dawn on Saturday, October 21, 2023, in Seoul, South Korea. corporate investment.
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Asia-Pacific markets opened mixed on Thursday, with all three major Wall Street indexes hitting record highs, boosted by gains in technology stocks and comments from Federal Reserve Chairman Jerome Powell.
Asian investors will continue to pay attention to the political situation in South Korea. Less than a day after he declared martial law, the country’s lawmakers filed a motion to impeach President Yoon Seok-yeol.
South Korea released Revised Gross Domestic Product In the third quarter, the economy grew by 0.1% quarterly and 1.5% annually. The figure is the same as advance estimates.
Australian S&P/ASX 200 Index It opened the day up 0.11%.
Japan’s Nikkei 225 Index futures opened stronger, with the Chicago futures contract at 39,650 points and the Osaka Nikkei 225 Index futures contract at 39,630 points, compared with the previous closing price of 39,276.39 points.
Hong Kong Hang Seng Index futures were at 19,622 points, lower than the Hang Seng Index’s last closing point of 19,742.46 points.
exist wednesday usaAll three major stock indexes hit record highs during the session and closed at record highs, with technology stocks leading the gains.
this Dow Jones Industrial Average It rose 308.51 points, or 0.69%, to 45,014.04 points, breaking through the 45,000 point level for the first time.
this S&P 500 Index The broader market index rose 0.61% to close at 6086.49 points, while the index dominated by technology stocks Nasdaq Index It rose 1.3% to close at 19,735.12 points.
Stocks rebound as investors digest Fed Chairman Powell’s remarks Wednesday comments think the most recent U.S. economic strength It means the Fed can be “more cautious.”
Investors are awaiting Friday’s U.S. unemployment report for November, which will provide some insight into the Federal Reserve’s future policy moves. The next interest rate decision is due in two weeks, with markets pricing in about a 78% chance of a quarter-point rate cut by the Federal Open Market Committee, according to the Federal Reserve. CME Group’s FedWatch Tool.
—CNBC’s Sean Conlon, Lisa Kailai Han and Hakyung Kim contributed to this report.
