On Tuesday, Fed Chairman Jerome Powell's speech brought expectations of interest rate cuts to global markets, and United States will release the latest inflation data tonight, and Asian stocks followed US stocks and rose collectively.
The Nikkei 225 Index rose 1.42% to 42,426.77 points during the session, breaking through 42,000 points for the first time and continuing to hit a record high, and finally closed up 0.94% at 42,224.02 points, setting a new all-time high and closing above 42,000 points for the first time. The Nikkei 225 index rose 26.18% for the year.
The Korea Composite Index rose 0.99% to 2,896.43 points, the highest since January 2022, and finally closed up 0.72% at 2,888.71 points.
Taiwan stocks closed up 1.6% to hit a record high, and TSMC's market capitalization exceeded NT$28 trillion.
The India SENSEX30 index opened 0.31% higher at 79,685.76 points. Heavyweights Tata Consulting rose 0.89%, the State Bank of India rose 0.66% and Reliance Industries rose 0.35%.
The following is the content of 10:04
On Thursday, July 11, the MSCI Asia Pacific Index rose 1% to 187.07 points. The Nikkei 225 index soared to a new high, rising 1.22% at the open, and is now trading at 42,205.57, breaking through the 42,000-point mark for the first time.
The dollar traded at 161.57 against the yen, and Japan's 10-year government bond yield rose 0.2bp to 1.087%.
Korea's KOSPI opened up 0.84% at 2,892.21. The Bank of Korea said it would maintain a restrictive stance for long enough and would consider the timing of interest rate cuts while assessing CPI.
Korea's 10-year government bond yield rose 0.8bp to 3.206%. The won extended gains to 0.3% against the dollar after Korea central bank said it would maintain a restrictive stance for long enough.
The weighted index of Taiwan stocks rose 0.89%, and the TSMC sector of Taiwan stocks continued to hit a record high yesterday, opening today with a surge of 1.91% to NT$1,065 after total sales in the second quarter exceeded market expectations.
Australia's S&P/ASX 200 index opened more than 1% higher at 7881.3.
India's stock market closed last night at a new high, with the Nifty 50 and Sensex both hitting all-time highs.
Hong Kong's two major stock indexes opened higher, with Hong Kong's Hang Seng Index up 0.9% and the Hang Seng Tech Index up 1.03%. Auto stocks rose, with Xpeng Motors up more than 5%, Li Auto up more than 4%, and NIO up more than 2%.
In terms of A-shares, the Shanghai Composite Index opened at 2,957.25 points, up 0.61%. The Shenzhen Component Index opened at 8,800.39 points, up 1.19%. The GEM index opened at 1673.54 points, up 1.36%. The CSI 300 opened at 3451.04 points, up 0.64%.
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