Asian stock markets are soaring all at once as U.S. index futures turn upward.
As of 11:40 p.m. on the 27th, Hong Kong’s Hang Seng Index rose 2.79%, Korea’s KOSPI rose 1.84%, Japan’s Nikkei rose 1.05%, China’s Shanghai Composite Index rose 1.04%, and Australia’s ASX index rose 1.71%, respectively.
Asian stocks are soaring higher on the same day as the U.S. stock market soared over the weekend. The U.S. stock market soared 2.68% in the weekend, 3.06% in the S&P 500, and 3.34% in the Nasdaq.
Expectations had risen sharply that the Fed would end its aggressive rate hike early as concerns over a U.S. economic slowdown soared.
Thanks to this, the Asian stock market started to rise all at once. However, the increase was less than 1%. This is attributed to the decline in U.S. index futures.
However, as U.S. index futures turned upward, Asian stocks are expanding their gains at once.
Until this morning, U.S. index futures fell en masse due to profit-taking caused by excessive falls over the weekend, but have now reversed their upward trend.
At the same time, U.S. index futures are rising 0.11% in Dow, 0.24% in S&P 500, and 0.53% in Nasdaq, respectively.
The Hang Seng index started at 21,976.80, up 257.81 points and 1.18% from the 24th.
The H share index, which is centered on Chinese business owners listed on the Hong Kong stock market, started trading at 7714.64, up 85.58 points from the weekend.
The Hang Seng index expanded its increase to 22,326.04 at 9:58 a.m., up 606.98 points and 2.80 percent.
The H share index also jumped 231.78 points and 3.04% to 7860.84 as of 10:59 a.m.