Asian shares experienced a significant surge on Friday, following the positive momentum in Wall Street, which extended its winning streak for the fourth consecutive day.

The market was buoyed by encouraging signals indicating a potential easing of inflation.

During morning trading, Japan’s benchmark Nikkei 225 rose by 0.2% to reach 32,493.82. Australia’s S&P/ASX 200 climbed by 0.9% to reach 7,309.50, the Associated Press reported.

South Korea’s Kospi saw a jump of 1.1% to reach 2,620.10. Hong Kong’s Hang Seng edged up by 0.5% to reach 19,443.13, while the Shanghai Composite added 0.3% to reach 3,245.15.

Anderson Alves, a commentator at ActivTrades, noted that positive sentiment prevailed in Asian equity markets as investors welcomed the signs of easing inflation momentum, contributing to the market’s overall optimism.

Written by staff