Commercial At dawn, residential buildings are lit up. Seoul, South Korea. Saturday, Oct. 21, 2023. South Korea The government has created a 75,9 trillion won ($56.97billion) financial assistance program for small businesses and companies that are increasing their investment in certain sectors.

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Japan’s Nikkei 225 On, the surge reached a new record high ThursdayThe first time that the 42 000 mark has been crossed. Other Asia-Pacific The U.S. Big Tech More confidence and rallying behind Federal Reserve Rate cuts

The Nikkei The broad-based index jumped 1.37% when it opened, while the underlying Topix Also, the new highs were up by 1.17%.

Chip The U.S. stock market has seen a number of big gains. U.S.-listed stocks of Taiwan Semiconductor Manufacturing Company Enjoy a 3.5% increase in revenue April You can also find out more about the following: June The runner-up to Wall Street estimates.

Peer Chip firm Qualcomm Increased by 0.8% Broadcom The rise in the price of goods and services rose by 0.7%. Artificial intelligence darling Nvidia The number of people who are enrolled in the program has increased by 2.7%.

In AsiaInvestors are watching out for any spillover of optimism from the tech stocks of the region, particularly in JapanWhere chip-related companies have lifted the Nikkei 225 The record highs

Economic Announcements from the Region Thursday Included in the list of Japan’s May Orders for machinery as well as the Bank You can also find out more about the following: Korea’s rate decision.

South Korea’s Kospi The BOK decision had a 0.96% increase in the price of the stock, but the Kosdaq The 0.22% increase was the highest in a year.

Australia’s S&P/ASX 200 Rose 0.85%

Hong Kong Hang Seng index Futures are now trading at 17,615, a higher price than the last close on HSI, which was 17,471.67.

Overnight In the U.S. all three major indexes increased, with both the S&P 500 The following are some examples of how to get started: Nasdaq Composite Gaining 1.02% and 1.12% respectively.

The gains also meant that the S&P broke above the 5,600 mark for the first time, marking its 37th record close in 2024. The Nasdaq This year, the 27th record was broken.

The Dow Jones Industrial Average Added 1.09%.

Gains The expectation of a rate cut was also a factor. Dow Jones The phrase “indicating that” is used to indicate the June The inflation rate is expected to be 3.1%, which is lower than the 3.3% increase seen in May.

The Core inflation, which excludes more volatile prices for food and energy, is projected to rise by 3.4%. June Last year. In MayCPI was up 3.3% on an annual basis.

—CNBC’s Brian Evans, Samantha Subin The following are some examples of how to get started: Jesse Pound Contributed to this report

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