On Wednesday, August 16, Asian stock markets opened higher, with the MSCI Asia Pacific Index rising by 1%. Overnight, all three major U.S. stock indexes rose, with the S&amp;P 500 Index rising for the sixth consecutive session.
【Update as of 9:00】
The Taiwan Stock Exchange Weighted Index rose by 1% to 22,114.72 points.
The Straits Times Index in Singapore expanded its gains to 1%.
The Nikkei 225 Index surged by over 2.42% to 37,609.96, while the TOPIX Index rose by 1.97% to 2,651.97.
【Update as of 8:40】
<h2>Nikkei 225 Surges Over 2.6%, Leading Asian Stock Markets</h2>
The Nikkei 225 Index surged by over 2.6% to 37,710.84, while the TOPIX Index rose by 2.32% to 2,660.98.
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The Japanese Yen traded sideways, with the USD/JPY pair down by 0.2% at 149.
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<h2>Asian Markets Open Higher</h2>
The KOSPI in Seoul, South Korea, rose by 2% to 2,696.17, reclaiming all lost ground since the decline on August 5.
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The Australian stock index S&amp;P/ASX 200 rose by 1.31% to 7,968.70 points.
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<h2>Oil Prices Decline, Gold Volatile</h2>
Oil prices fell on Friday, with WTI crude down by 0.23% and Brent crude down by 0.17%.
Spot gold remained volatile, rising by 0.1%.
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- Asian stock markets opened higher on Wednesday, with the MSCI Asia Pacific Index rising by 1% following overnight gains in all three major US indices, including a sixth consecutive rise in the S&P 500 Index.
- In Asia, the Nikkei 225 surged over 2.6%, leading the region's markets, while the Taiwan Weighted Index and the Straits Times Index in Singapore also saw significant increases.
- Despite oil prices falling, with both US and Brent crude dropping, gold remained volatile but slightly increased by 0.1% amidst the market movements.

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Asia-Pacific stock markets rose across the board, with the Japanese stock market up more than 2% and the South Korean stock market reclaiming lost ground since the sharp drop on August 5th