Asian markets traded mostly higher in early deals on Monday, driven by the optimism over progress in the US-China trade talks and on 50 bps Fed interest rate cut bets by year end. Investor sentiments got boosted after China marked 3.2% YoY rise in industrial profits in the first nine months of 2025, picking up from 0.9% previously, with profits in September alone surging 21.6%, the fastest rise since November 2023. Rally in consumer, tech, and property sector stocks lifted the local indices. Japan’s Nikkei surged to new all-time highs with the rise in export-oriented business amidst weakness in local currency yen.
Nikkei surged 1111.35 points or 2.25% to 50,411.00, Hang Seng rose by 302.85 points or 1.14% to 26,463.00, Straits Times up by 21.25 points or 0.48% to 4,443.46, Taiwan Weighted kindled by 581.07 points or 2.11% to 28,113.33, KOSPI Index increased by 78.70 points or 2.00% to 4,020.29, Shanghai Composite added by 41.04 points or 1.04% to 3,991.35 and FTSE Bursa Malaysia higher by 6.13 points or 0.38% to 1,619.40.
On the flip side, Jakarta Composite down by 250.75 points or 3.03% to 8,020.97.
