Asia Markets: Nikkei Leads Asian-market Gains Following Wall Streets Rally

Asian markets advanced Wednesday following strong gains on Wall Street.

The Dow Jones Industrial Average DJIA, +2.06%  , S&P 500 SPX, +2.14%   and Nasdaq Composite COMP, +2.65%   all rose more than 2% on Tuesday, spurred by comments by Federal Reserve Chairman Jerome Powell that left the door open to an interest-rate cut.

While there was no major news on the U.S.-China trade front, Reuters reported U.S. Treasury Secretary Steve Mnuchin will meet with Yi Gang, governor of the People’s Bank of China, on the sidelines of the G-20 summit in Japan this weekend. It will be the first face-to-face meeting between high-level members of the two countries’ trade-negotiation teams since talks stalled in early May.

Japan’s Nikkei NIK, +1.80% closed up 1.8%, while Hong Kong’s Hang Seng Index HSI, +0.50%   gained 0.3%. The Shanghai Composite SHCOMP, -0.03%   was flat, along with the smaller-cap Shenzhen Composite 399106, +0.04% South Korea’s Kospi 180721, +0.10%   advanced 0.1%, and Taiwan’s Taiex Y9999, +0.31%   gained 0.3%.

Australia’s S&P/ASX 200 XJO, +0.41%   closed up 0.4%. Data showed growth in Australia cooled to its slowest annual pace in almost a decade.

Among individual stocks, robotics maker Fanuc 6954, +2.99%   surged in Tokyo trading, along with SoftBank 9984, +3.02%   and Nintendo 7974, +2.97%  . In Hong Kong, Sunny Optical 2382, +2.32%  , CNOOC 883, +0.16%   and AIA 1299, +2.15%   posted strong gains. Samsung 005930, +1.04%   and SK Hynix 000660, +0.00%   advanced in South Korea and Taiwan Semiconductor 2330, +0.86%   rose in Taipei trading. Beach Energy BPT, +2.84%   and Westpac WBC, +1.36%   gained in Australia.

RECENT NEWS

Gyrostat Capital Management: The Hidden Architecture Of Consequences

When Structures Themselves Become A Risk In portfolio construction, risk is rarely where we look for it.... Read more

Gyrostat November Outlook: The Rising Cost Of Doing Nothing

Through the second half of 2025, markets have delivered a curious mix of surface tranquillity and instabi... Read more

Gyrostat Capital Management: Blending Managers - From Style Diversification To Scenario Diversification

The Limits of Traditional Diversification For decades, portfolio construction has ... Read more

Gyrostat October Outlook: Beneath The Calm, The Cost Of Protection Rises

 Even as global equity indices remain near record highs, the pricing of risk is shifting quietly ben... Read more

Gyrostat Capital Management: Solving The Nastiest Problem In Finance

Retirement Income and Sequencing Risk Executive Summary ... Read more