A red flag flies over Tiananmen Square in Beijing, China, on Wednesday, July 10, 2024.
Bloomberg Bloomberg Getty Images
Asia-Pacific markets rose on Thursday, with markets in the region rebounding and China poised to extend gains.
CSI 300 Mainland China has won a record five days, reaching its height.est level in almost two months after Beijing rolled out a slate of economic stimulus measures there.
Meanwhile, Hong Kong Hang Seng Index set for the third straight day of results, according to futures data.
HSI futures are at 19,336, higher than the last close of HSI 19,129.1. Hong Kong’s index hit its highest level since May, tracking gains on the mainland.
Japan Nikkei 225 rose 1.7% in early trade, while the broad-based Topix rose 1.2%, as the Bank of Japan published minutes for its July meeting.
South Korea Kospi jumped 1.77%, leading gains in Asia, while the small-cap Kosdaq gained 1.51%.
Australia’s S&P/ASX 200 was 0.68% higher.
Overnight in the US, the Dow Jones Industrial Average and the S&P 500 fell and retreated from their latest records. The broad-based index lost 0.19%, while the 30-stock Dow fell 0.7% despite hitting a new record in early trading.
The Nasdaq Composite posted a slight gain of 0.04%.
—CNBC’s Brian Evans and Jesse Pound contributed to this report.
