Australia
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Asia-Pacific stocks opened higher on Wednesday as Wall Street rallied and the Nasdaq soared to a record high after a November inflation report was in line with expectations.
Asia Trader Assessment employment data Data from Australia showed that the country’s unemployment rate fell to 3.9% in November from 4.1% the previous month. A Reuters poll of economists had expected the rate to rise to 4.2%.
Australia’s S&P/ASX 200 index rose 0.1%.
Japanese Nikkei 225 Index It opened up 1.7% and the Topix rose 1.3%.
South Korea’s Kospi opened 1% higher and the small-cap Kosdaq rose 1.2% as investors appeared to shrug off the country’s political turmoil.
Hong Kong Hang Seng Index Index futures were at 20,215 points, higher than the Hang Seng Index’s last closing point of 20,155.05 points. Hong Kong will release third-quarter industrial production data later today.
In the United States on Wednesday, relatively benign inflation data raised hopes that the Federal Reserve will cut interest rates next week.
The Nasdaq, which is dominated by technology stocks, rose 1.77% to close at 20,034.89 points, setting a record high and closing record.
The S&P 500 index rose 0.82% to close at 6,084.19 points. The Dow Jones Industrial Average performed abnormally, falling 99.27 points, or 0.22%, to 44,148.56 points.
Nvidia rose more than 3%, Tesla rose nearly 6%, and several major companies also rose broadly.
—CNBC’s Sean Conlon and Alex Harring contributed to this report.
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