Nikkei 225, Nifty 50, Kospi, Hang Seng Index
Mount Fuji and Shinjuku skyline in Tokyo, Japan, Friday, February 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images
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Asia-Pacific markets traded higher on Friday, tracking Wall Street’s gains after two key indicators hit new records following the Federal Reserve’s latest rate cut decision.
The central bank reduced the overnight borrowing interest rate by a quarter point on Wednesday, bringing it to the range of 3.5-3.75 percent.
Japan’s reference point Nikkei 225 It rose 1.33% while Topix rose 1.97%. South Korea’s Kospi index gained 1.13%, while the small-cap Kosdaq traded flat.
Australia’s reference point S&P/ASX 200 It was 1.23% higher. India’s Nifty 50 Index rose 0.6 percent. The rupee fell to a record low of 90.55 against the dollar.
of hong kong Hang Seng index It rose 1.65%, while the mainland CSI 300 rose 0.61%.
China’s top leaders wrapped up their annual economic planning meeting on Thursday, confirming broad economic support for the coming year, including boosting consumption and stabilizing the real estate sector. Policymakers continued to focus on supporting domestic technology talent, one of the key priorities of the five-year plan starting in 2026.
overnight in the USA, Dow Jones Industrial Average And S&P 500 It reached new highs as investors moved out of high-flying technology stocks and into names that would benefit from the growing US economy after the Federal Reserve cut interest rates.
The 30-stock Dow index gained 646.26 points, or 1.34%, to finish at 48,704.01, a new closing high. The index also broke a new record during the day with the support of the rise. Visa Shares after being upgraded by Bank of America. The broad market S&P 500 index was traded at 6,901.00, up 0.21% and again broke the closing record. However, Nasdaq Composite It decreased by 0.26% and finished at 23,593.86.
—CNBC’s Evelyn Cheng, Sean Conlon and Pia Singh contributed to this report.
