Asian stocks are rising mostly after nearly recorded US stock rallies
HONG KONG (AP) – Asian stocks rose mostly on Friday behind a near-record rally on US stocks as investors paid little attention to US President Donald Trump. Latest tariff threats.
Hong Kong’s Hang Seng Index rose 3.14% to 22,499.72, while Shanghai’s composites rose 0.43% to 3,346.72. The Nikkei 225 slid 39,149.43 to 0.79%. Meanwhile, Australia’s S&P/ASX 200 rose 0.19% to 8,555.80, while South Korea’s Kospi rose 0.31% to 2,591.05.
“Positive handovers on Wall Street, weaker US dollars and lower Treasury yields have many tailwinds for local risk sentiment,” said Yeap Jun Rong, IG market strategist.
“However, Japan’s Nikkei was delayed and perhaps pressured by a stronger circle,” he said.
All Chinese technology stocks listed on the Hong Kong Stock Exchange were acquired on Friday, with shares in video game company Tencent, e-commerce company Alibaba and online services company Meituan rising above 5%.
Chinese technology companies have enjoyed renewed interest since the Chinese AI company deepseek While being trained on cheap hardware, we have released an artificial intelligence model that rivals Openai’s. Companies like Alibaba have been releasing new iterations of their own AI models in recent weeks, with search engine company Baidu saying on Friday they will be able to make Arnie Bot AI chatbots available for free.
“As Beijing doubles AI as a national priority, investors are rushing to rediscover China’s technology and innovation potential. Stephen, managing partner at SPI Asset Management Innes said:
“If momentum continues, the Hangsen Index could eventually break out of a multi-year slump and rekindle the global appetite for Chinese stocks.”
On Thursday, the S&P 500 rose 1% Pulls within 0.1% of all-time high Set it last month. Dow Jones’ industrial average scored 342 points (0.8%), while Nasdaq composites increased by 1.5%.
U.S. stocks rose after Washington officials said mutual tariffs would take longer to implement.
In the energy trade, it benchmarked US crude oil, adding 15 cents to $71.43 a barrel. International standard Brent crude rose 37 cents to $75.39 a barrel.
In currency trading, the US dollar weakened from 152.82 yen to 152.57 yen. The cost of the euro was $1.0459, which has barely changed.
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New York AP business writer Stan Choe contributed.