TOKYO/HONG KONG/SHANGHAI/SYDNEY (dpa-AFX) – The most important Asian stock markets rose on Thursday. The good development of Wall Street and the strong figures of the semiconductor heavyweight NVIDIA gave the markets in the Far East a boost.
The US group’s figures, which were published after the trading day, boosted the semiconductor stocks in the Far East in particular. Titles from the field of artificial intelligence were also in demand. “Sales were a good 20 percent above the expectations of the experts,” said the Landesbank Baden-Württemberg to Nvidia. “The outlook for the coming quarters was also pleasing. A share buyback program was also announced.”
In Japan, shares in the semiconductor equipment supplier Advantest and Tokyo Electron rose, the Nikkei 225 lit index rose by 0.87 percent to 32,287.21 points. In Taiwan, the papers of the world’s largest chip contract manufacturer TMSC increased, in South Korea shares of the semiconductor group SK Hynix recorded gains. Meanwhile, the South Korean central bank’s decision to leave interest rates unchanged was in line with expectations, according to market strategists at Deutsche Bank.
The Chinese stock exchanges regained momentum after the previous day’s weakness. Here, too, stocks from the areas of semiconductors and artificial intelligence were in demand. Consumer values also climbed. The CSI 300, which tracks the share prices of the largest companies on the Shanghai and Shenzhen stock exchanges, rose by around one percent to 3734.99 points in late trading. Things looked even better in China’s Hong Kong SAR, where the tech-heavy Hang Seng Index (Hang Seng) rose 2.23 percent to 18,243.89 points.
Hopes in China also rest on further support measures. “We expect a comprehensive package of measures that includes both fiscal, monetary policy and regulatory approaches,” said the fund company Vanguard. “This could include accelerated government bond issuance, further interest rate cuts, relaxed restrictions to stimulate real estate demand and regulatory easing for the private sector.”
Meanwhile, the Australian leading index S&P ASX 200 closed 0.47 percent higher at 7182.10 points. The market also benefited from falling bond yields./mf/mis