Asia-Pacific Markets Rally; Japan, S Korea and Taiwan Hit Record Highs; Tech Stocks Sought After
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Asia-Pacific markets surged, with Japan, South Korea, and Taiwan reaching record highs, driven by optimism over the US-Iran war's resolution. The S&P 500 and Nasdaq also hit record highs. The Shanghai Composite Index rose to 4,170, while the Shenzhen Component Index reached a five-year high. Japan's Nikkei 225 jumped 5.5% to 62,811, and South Korea's KOSPI touched an intraday record. Other regional indices, including India's Nifty 50 and Australia's S&P/ASX 200, also saw gains. The RMB central parity against USD hit a new high since March 2023, amid liquidity adjustments by the People's Bank of China.
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