Delhi, 20 November (H.S.): Asian markets broadly rallied on Thursday, drawing positive cues from a strong session on Wall Street that snapped a four-day losing streak. The bullish sentiment in the U.S., driven by stellar corporate earnings, provided a strong handover to the region, overshadowing a weaker performance in European markets from the previous session.
Global Market Performance
In the United States, strong results from tech giant Nvidia helped reverse recent market pessimism and restore investor confidence. The S&P 500 index closed 0.38% higher at 6,642.19, while the tech-heavy Nasdaq Composite gained 0.58% to finish at 22,562.95.
The positive momentum appeared set to continue, with Dow Jones Futures trading up by 0.60% at 46,415.14.In contrast, European markets faced persistent selling pressure in the prior session. The FTSE 100 index in London fell by 0.47% to close at 9,507.41, while Germany's DAX declined by 0.08% to 23,162.92. France's CAC 40 also ended the day 0.18% lower at 7,953.77.
Asian Equities Surge
The positive handover from Wall Street fueled a broad-based rally across Asian equities on Thursday, with nearly all major indices trading firmly in the green. Key regional markets posted significant gains:
Japan's Nikkei 225 surged 2.80% to 49,895.
South Korea's KOSPI jumped 3.04% to 4,048.99.
The Taiwan Weighted Index soared 3.07% to 27,396.86.Other notable gainers included the Shanghai Composite (+0.38%), Straits Times (+0.30%), and Jakarta Composite (+0.79%).
India's GIFT Nifty was also trading higher, up 0.22% at 26,111, signaling a positive outlook for the domestic market.
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Hindusthan Samachar / Jun Sarkar
