Most Asian markets were positive on Thursday after yesterday’s rally on Wall Street, with investors putting behind US-China tensions over Nancy Pelosi’s visit to Taiwan and turning their attention to her path corporate profitability and in the estimates for the course of monetary policy in the coming months.
On the board, the Japanese Nikkei 225 is up 0.7% at 27,924.60 points, while the Topix is moving with marginal gains.
In Hong Kong, the Hang Seng is up 1.7%, with tech’s Hang Seng Tech gaining 2%. Shares in e-commerce giant Alibaba rallied more than 4% ahead of its results later today.
In mainland China the Shanghai Composite gained 0.4%, while Shenzhen posted a small gain of 0.3%.
China has begun large-scale military exercises around Taiwan, as Beijing announced in response to the US House Speaker’s visit to the island. For their part, Taiwan’s armed forces have warned that they are “preparing for war, not seeking it.”
South Korea’s Kospi is up 0.5%, while Australia’s S&P/ASX 200 is down 0.1%.
Source: Capital
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