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Tech boosts Asian stock markets

» Updated: 08 October 2024, 02:19

» Published: 26 September 2024

Tech boosts Asian stock markets
Photo: Kyodo News/AP/TT

The stock exchanges in Japan and South Korea are at their highest levels in two years, with upward pressure from the tech sector today.

In Thursday's initial trading, around lunchtime, the Nikkei 225 index in Tokyo had risen by 2.5 percent and the broader Topix by 2 percent.

In South Korea, the Kospin index was up 2.1 percent.

In Hong Kong, the Hang Seng index had risen by 0.6 percent. In China, the composite indices in Shanghai and Shenzhen showed an increase of 0.6 and 0.4 percent, respectively.

The Chinese central bank is, according to Bloomberg, preparing new stimulus measures after several others during the week, measures that may not have sent the signals sought. Now, discussions are underway to provide several major state-owned banks with more capital, totaling up to 142 billion dollars.

TTT
By TTThis article has been altered and translated by Sweden Herald

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