Skip to Content
Market Update

Asian Markets Track Wall Street Gains; Data Support

Asian markets were all higher Thursday tracking overnight gains on Wall Street after U.S. GDP growth was revised downward, prompting hopes the Federal Reserve would stick to its monetary easing program for longer.

The Nikkei rallied 2.3%. The Shanghai Composite snapped over a week-long losing streak as it edged up 0.4%. The Hang Seng was up 1.3% while the Sensex rose 1%. The S&P/ASX All Ordinaries gained 1.6%.