Asian markets are higher early Friday after Wall Street’s rally streaks for the 3rd day, driven by listed companies’ strong financial performance and hopes for the Fed to cut rates
ByJIANG JUNZHE Associated Press
HONG KONG — Asian markets were higher early Friday after Wall Street rallied for the 3rd day, driven by hopes for the Federal Reserve to cut rates.
Tokyo’s Nikkei 225 surged 1.9% to 35,701.38 and the Kospi in South Korea gained 1% to 2,547.39.
Hong Kong’s Hang Seng picked up 1.4% to 22,226.19, while the Shanghai Composite Index was nearly unchanged at 3,297.36.
The rally was boosted by hopes that Trump was softening his approach on tariffs and his criticism of the Federal Reserve, but China denied Thursday it’s involved in active trade negotiations with the U.S.
Taiwan’s Taiex added 2.3%, while the market in Australia was closed because of Anzac Day.
Wall Street’s rally kept rolling Thursday as better-than-expected profits for U.S. companies piled up in r