Asia-Pacific Markets Rally Following Record Gains on Wall Street

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BizTech

Asia-Pacific Markets Rally Following Record Gains on Wall Street

Asia-Pacific markets opened higher on Thursday, tracking Wall Street's record highs as investor confidence surged. South Korea's Kospi rose 0.6%, while China's CSI 300 rebounded nearly 3% following recent stimulus measures. The People's Bank of China introduced a $71 billion liquidity tool to stabilize markets, further boosting economic growth in the region. Wall Street also saw significant gains, with the S&P 500 and Dow Jones hitting new records despite global uncertainties.

October 11, 2024