S&P 500 Hits Record High, Japan Trade Data, and Tankan Survey Results

The Taiwan Weighted Index reached new highs. It crossed the 23,000 mark with big gains from heavyweights Hon Hai Precision Industry (Foxconn) and Taiwan Semiconductor Manufacturing Corp.

Japan’s Market Performance

Japan’s Nikkei 225 and Topix indices saw small gains. They were buoyed by positive trade data and mixed business confidence readings. These were from large manufacturers and non-manufacturers.

South Korea’s Kospi Driven by Tech Stocks

South Korea’s Kospi index rose nearly 1%. It was fueled by strong performance from Samsung Electronics and other tech giants like LG Electronics and SK Hynix.

Hong Kong and Mainland China Markets

Hong Kong’s Hang Seng index surged 1.97%. China’s CSI 300 dipped slightly. This happened amidst regulatory updates for the tech-heavy STAR market in Shanghai.

India’s Nifty 50 Sets New Record

India’s Nifty 50 continued its upward trajectory, marking the sixth consecutive day of gains as it scaled to new peaks.

Mixed Performance in Australia

Australia’s S&P/ASX 200 slipped marginally by 0.18% amid varied performances across the Asia-Pacific region.

U.S. Market Highlights

Record Highs for U.S. Benchmarks

The S&P 500 and Nasdaq Composite closed at new highs. This was driven by gains in top tech stocks, including Nvidia. Nvidia became the world’s most valuable public company.

Dow Jones Adds to Gains

The Dow Jones Industrial Average also advanced, contributing to the overall bullish sentiment in the U.S. markets.

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