Asian Markets with Slight Gains - TSMC Bolsters Confidence

Eulerpool News
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On a trading day characterized by positive signals, Asian equity markets recorded moderate gains, overshadowing weaker cues from Wall Street. The rise in U.S. futures acted as a stabilizer and offset the previous days' losses. A key factor was the strengthening of regional currencies against the dollar. This positive trend boosted investors' confidence in Asian financial centers and provided additional momentum. Another boost came from the semiconductor sector, specifically from the company TSMC, which lifted sentiment with its convincing future projections and strong position in the booming artificial intelligence industry. With the upcoming earnings season in sight, optimism continues. In Japan, the stock market benefited from the stabilization of the yen, which was a response to possible foreign exchange interventions by Japan and the US to counter the dollar's strength. The Nikkei-225 ended the trading day slightly up, reaching a level of 38,079.70 points – an increase of 0.31 percent. Similar successes were achieved by the Australian market, where the S&P/ASX 200 improved by 0.48 percent to 7642.10 points. Gains were also recorded in China; the CSI 300 comprising leading shares of mainland exchanges rose by 0.43 percent to 3580.74 points. The Hong Kong Hang Seng also showed strength with an increase of 1.33 percent.