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Asian Taking this as a signal, shares rose on Thursday wall StreetWhere the winning streak continued for the fourth consecutive day.
US futures were almost unchanged while oil prices fell.
Japan’s Nikkei 225 rose 1% to 50,069.33 as investors bet that federal Reserve Will cut interest rates in the meeting on December 10.
The Japanese government is also reportedly planning to issue 11 trillion yen ($70.5 billion) in new bonds to finance its economic package. Tech-related stocks advanced, with SoftBank Group jumping 2.8% and Kioxia Holdings adding 5.7%, after falling nearly 15% a day earlier.
In Chinese markets, Hong Kong’s Hang Seng index rose 0.3% to 25,927.96, while the Shanghai Composite index rose 0.1% to 3,883.01.
The profit slide came as data showed profits at major Chinese industrial firms fell 1.9% year-on-year in the first ten months of 2025, down from 3.2% growth in the previous period.
In South Korea, the Kospi rose 0.7% to 3,986.54 Bank of Korea It kept its policy rate unchanged at 2.5%, supporting financial stability amid market concerns over a weak currency and rising housing prices.
Australia’s S&P/ASX 200 rose less than 0.1% to 8,610.50, while Taiwan’s tech-heavy Taidex index rose 0.2%.
U.S. stocks closed broadly higher on Wednesday, with the S&P 500 rising 0.7% to 6,812.61. The Dow Jones Industrial Average rose 0.7% to 47,427.12 and the Nasdaq Composite added 0.8% to 23,214.69.
Stocks are rising as comments from Federal Reserve officials make traders more confident that the central bank will cut interest rates again at its meeting in December. Traders are betting on a nearly 83% chance the Fed will cut rates next month, according to data from CME Group.
Solid gains for technology companies led the rally, although most sectors in the benchmark S&P 500 index ended higher. Gainers outnumbered decliners on the New York Stock Exchange by more than 2 to 1.
US markets have a shorter trading week, closing on Thursday and opening for reduced hours on Friday due to the Thanksgiving holiday.
A recent bounce in the market on investors’ expectations of another interest rate cut by the Federal Reserve in December has helped erase losses for most major indexes after a selloff earlier this month.
Dell Technologies gained 5.8% after saying it had received record orders for its artificial intelligence servers. Dell and other technology companies declined early in the month as investors worried their share prices had become too high amid the frenzy over AI. Nvidia, the market’s most valuable company, rose 1.4%.
Microsoft rose 1.8% and Broadcom rose 3.3%.
Financial sector stocks also helped lift the market. Robinhood Markets jumped 10.9% for the biggest gain among S&P 500 companies after the trading platform said it plans to launch a futures and derivatives exchange next year to expand its prediction markets business.
Urban Outfitters joined a host of other retailers in reporting earnings that beat Wall Street forecasts this week, sending its shares up 13.5%.
In the bond market, the yield on the 10-year Treasury decreased to 3.99% and the yield on the 2-year Treasury increased to 3.48%.
In other deals early Thursday, U.S. benchmark crude fell 28 cents to $58.37 a barrel. Brent crude, the international benchmark, fell 33 cents to $61.84 a barrel.
The US dollar slipped to 156.14 JPY from 156.40. The euro rose to $1.1609 from $1.1601.
___ AP Business Writer Alex Veiga contributed.