Asia-Pacific markets tracked Wall Street gains on Fed rate-cut hopes and tech rebound.
The Nikkei 225 popped 608.03 points, or 1.2%, to 50,167.10, led by tech stocks. Among the top movers were Advantest, up 4.88%, tech conglomerate SoftBank Group soared 3.57% and Lasertec, which was up 4.6%.
In Hong Kong, the Hang Seng squeezed higher 17.85 points, or 0.1%, to 25,945.93.
In Korea, markets showed marginal gains.
The Bank of Korea kept its benchmark interest rate unchanged at 2.5% — in line with expectations — for a fourth consecutive policy meeting, amid a weakened local currency and overheated housing market. The Korean won has weakened against the greenback in recent months to its lowest level since April.
CHINA
The CSI 300 in Shanghai dipped 2.22 points, or 0.1%, to 4,515.40.
China’s industrial profits in October plunged 5.5% from a year earlier, government data showed Thursday. Profits for the first 10 months of the year rose 1.9% year on year, compared to the 3.2% rise in the January to September period.
In other markets
In Korea, the Kospi acquired 26.04 points, or 0.7%, to 3,986.91.
In Singapore, the Straits Times Index recovered 7.78 points, or 0.2%, to 4,509.34.
In Taiwan, the Taiex zoomed 144.19 points, or 0.5%, to 27,554.53.
In New Zealand, the NZX 50 dumped 129.81 points, or 1%, to 13,432.20.
In Australia, the ASX 200 edged up 10.75 points, or 0.1%, to 8,617.29.
