Mt. Fuji and Shinjuku skyline in Tokyo, Friday, February 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images
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Asia-Pacific markets rose on Friday, following Wall Street gains after major benchmarks hit new records following recent Federal Reserve decisions.
The central bank on Wednesday cut its key overnight borrowing rate by a quarter of a percentage point to a range of 3.5% to 3.75%.
Japanese benchmark Nikkei Stock Average It rose by 0.96%, and TOPIX rose by 1.18%. South Korea’s Kospi rose 0.29%, while the small-cap Kosdaq traded near flat.
australian benchmark S&P/ASX 200 It was 0.83% higher.
hong kong futures hansen index 25,788, slightly higher than the previous closing price of 25,530.51.
Chinese leaders concluded their annual economic planning meeting on Thursday, confirming wide-ranging economic support for the coming year, including boosting consumption and stabilizing the real estate sector. Policymakers continued to focus on strengthening domestic technology capabilities, a key priority for the next five-year plan starting in 2026.
One night in America Dow Jones Industrial Average and S&P500 Investors shifted away from high-flying tech stocks and into stocks that stand to benefit from U.S. economic growth after the Federal Reserve cut interest rates, pushing stocks to new highs.
The Dow Jones Industrial Average rose 646.26 points (1.34%) across 30 stocks, closing at a record high of 48,704.01. It also hit a new intraday high, supported by the index’s rise. visa Stock after upgrade by Bank of America. The market-wide S&P 500 index rose 0.21% to settle at 6,901.00, also a new closing price record. however, Nasdaq Composite It returned 0.26% to end at 23,593.86.
—CNBC’s Evelyn Cheng, Sean Conlon and Pia Singh contributed to this report.
