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  • Ahmed Saleh

Asian stock markets surged; Tokyo's Nikkei up 0.3%, Hang Seng climbed 1.5%

Tokyo, April 18, 2024, Asian stock markets showed positive momentum on Thursday, as reported by the AP. Tokyo's Nikkei 225 index rose by 0.3%, closing at 38,090.87 points, while Hong Kong's Hang Seng index gained 1.5%, reaching 16,489.59 points.

The Shanghai Composite Index in China also saw an increase of 0.6%, closing at 3,089.93 points. Meanwhile, South Korea's Kospi index led the regional gains with a significant surge of 1.8%, closing at 2,631.15 points. In Australia, the S&P/ASX 500 index rose by 0.6%, closing at 7,651.30 points.

In the commodities market, US benchmark crude oil prices increased by 19 cents to reach $82.88 per barrel. Brent crude, the international standard, also rose by 25 cents to $87.54 per barrel.

Regarding currency trading, the US dollar experienced a slight decline against the Japanese yen, falling to 154.19 yen from 154.38 yen. Conversely, the euro strengthened slightly, rising to $1.0678 from $1.0673. These market movements indicate a positive sentiment among investors in the Asian region, with gains observed across major stock indices and slight fluctuations in commodity and currency markets.

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