Asian markets rebound as US indices hit new highs
Japanese and Korean stocks moved higher after opening lower, with the Nikkei 225 climbing over 1% and breaking the 72,000‑point mark, while Wall Street posted fresh peaks and a strong finish in major tech shares.
Japanese and Korean stock markets opened lower and then moved higher, and the Nikkei 225 index rose more than 1% and broke through 72,000 points for the first time, according to bluesky.
Despite the gains in Japan and South Korea, Asian stocks overall were unable to track Wall Street higher, reported sinodaily.com. In the United States, the Dow hit a fresh peak and the Nasdaq climbed more than two percent, with Amazon, Meta and Nvidia posting strong finishes, sinodaily.com added.
The yen was at a 40‑year low, sinodaily.com noted, and the tech sector has declined recently because of fears over stretched valuations, interest rates and the timing of returns, sinodaily.com reported.
Stephen Innes said buyers returned to the same big‑tech names after last week’s record selling, sinodaily.com said.
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