Earnings, Wall Street Cues Lift Asian Stock Markets in Thin Holiday Trading

Fidelity
2026.05.01 10:32
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Asian stock markets rose on Friday amid thin holiday trading, influenced by earnings reports and the closure of the Strait of Hormuz. The Nikkei 225 in Tokyo gained 0.4%, closing at 59,513.12, with Toto's shares up 18.4% and Alps Alpine down 15% following their earnings. Other markets, including the Australian ASX 200, also saw gains. However, Tokyo's core consumer price index rose only 1.5% year-on-year in April, the slowest in four years, remaining below the central bank's 2% target for the third consecutive month.