Asian stock markets boom after a brilliant rally in Wall Street, the impact of US-China Trade Deal
New Delhi:
Asia-Pacific markets saw a good rise on Tuesday, 13 May. The biggest reason for this was the trade deal between the US and China (US-China Trade Deal), which saw a big rally in Wall Street on Monday. Now Asian stocks are also benefiting from this. On this day, an edge has been recorded in the index from Japan to Australia.
Nikkei 225 Index climbed 2.17%, KOSPI also boom
Japan’s Nikkei 225 index opened with a jump of 2.17%, while the topics index rose by 1.77%. South Korea’s KOSPI index 0.13% and small share Kosdaq 1.01%.
However, there are signs of mild lethargy in Hong Kong Market. Futures of Hong Kong’s Hang SENG index were trading at 23,403, pointing to a slightly weak opening from its previous Close 23,549.46.
Tremendous rally in Wall Street, Tech Share shines
In the US on Monday, the three Major Index Dow Jones, S&P 500 and Nasdaq recorded the best day after April 9. Dow Jones 1,160.72 points i.e. 2.81% climbed to 42,410.10. closed at 42,410.10. S&P 500 rose by 3.26% and it closed at 5,844.19. At the same time, Nasdaq got a tremendous jump of 4.35% and it reached 18,708.34.
Fear of tariff war decreased, investors’ mood positive
The US and China have dealt for reduced the tariffs imposed on each other for 90 days. The US has reduced the tariff from 145% to 30%, while China has reduced the duty on US goods from 125% to 10%. This step reduced fear in the market for the impact of trade war and investors put money in more reset.
Gold shine low, VIX also declines
The CBOE Vix Index measuring the market’s volatility was at the top of 60 in April, which came down to 20 on Monday. At the same time, gold, which is commonly considered a safe investment, saw a decline of about 2.6%.
Right speed of technology shares, Apple and Tesla Top Gaainer
Apple’s stock rose by 6.3%, as the company is planning to increase the price of its new iPhone model. At the same time, shares of companies doing business with China in tech companies increased rapidly.
Rate cut from Fed
This week, several Federal Reserve officials, including Chair Jerome Powell, are going to give their verdict. The Market hopes that the Fed can cut the rate of 25 basis points twice by September.
Investors will also keep an eye on Indian markets
India’s stock markets also performed tremendously on Monday. The Sensex and Nifty got the highest up to 4 per cent after February 2021 due to the positive sentiments regarding the India-Pakistan ceasefire.
The biggest boom of day in Sensex-Nifty in 4 years
The BSE Sensex closed at 82,429.90 level with a great rise of 2,975.43 points or 3.74 percent, the highest level since 3 October 2024. At the same time, the Nifty (NIFTY 50) index rose by 916.70 points or 3.82 percent to close at 24,924.70, which is the highest level after 16 October 2024.
16 lakh crore increase in assets of investors
The total market cap of all the companies listed in BSE increased from Rs 416.52 lakh crore to Rs 432.47 lakh crore in the previous session (May 9), which increased the assets of investors by more than Rs 16 lakh crore in a single day. Today, the Indian market can also continue the rapid trend.