Asian markets rise on strong earnings and Wall Street gains

boursorama.com (French) —

Asian stock markets rose Wednesday, buoyed by Wall Street gains and strong early corporate earnings, with the MSCI Asia-Pacific ex-Japan index up 1.5% and South Korea's KOSPI surging 4.6%. Solid earnings reports supported US markets overnight, with 86% of S&P 500 companies beating estimates, while oil prices and Treasury yields eased. However, French stocks fell on government crackdown concerns, and Brent crude rose 1.1% to $110.03 per barrel amid geopolitical tensions. The yen weakened to 158.33 per dollar after Japanese export data missed estimates, while investors await central bank decisions from Indonesia, the Fed, and the Bank of Japan. Bitcoin traded at $82,988.76.


With a significance score of 1.5, this news ranks in the top 38% of today's 32437 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: