The Asian Stock Exchange opened its doors enthusiastically on Thursday after the US Federal Reserve Bank's benchmark rate hike and Chinese authorities announced their support for the hit market.
After closing at +9.08% the day before, the Hong Kong Stock Exchange remained strong, especially due to the surge in technology companies such as Alibaba, Tencent or JD.com, while selective Hang Seng rose 4.5%.
It is also noteworthy that the Tokyo Stock Exchange increased by 3%, while the Shanghai, Sydney, Seoul, Manila and Wellington markets increased by more than 1%.
Analysts believe that this dynamic is due to possible consensus prospects in Ukrainian-Russian negotiations and the Fed's rate hike to curb inflation at a 40-year high.
It also announced the announcement on the eve of China's major economic leaders who promise measures to support the market and seek to end repression on the technology sector.
dan/leg/dbh/ag