---
title: "Asian stock markets rose across the board, with Taiwan Semiconductor up nearly 5%. European stocks opened slightly lower, while gold hit a new high"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/217197164.md"
description: "Spot gold broke through the $2700 per ounce mark, hitting a new historical high. The Asia-Pacific stock markets generally rose, with chip stocks continuing to rise, and Taiwan Semiconductor rising nearly 5% after its performance"
datetime: "2024-10-19T00:35:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/217197164.md)
  - [en](https://longbridge.com/en/news/217197164.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/217197164.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/217197164.md) | [繁體中文](https://longbridge.com/zh-HK/news/217197164.md)


# Asian stock markets rose across the board, with Taiwan Semiconductor up nearly 5%. European stocks opened slightly lower, while gold hit a new high

Boosted by positive expectations of Chinese policies, Asia-Pacific stock indices rose on Friday, with the Taiwan Stock Exchange Weighted Index up 1.9%, the Nikkei 225 Index up 0.2%, and slight gains in Thailand, Vietnam, and India stock indices, while the Seoul Composite Index in South Korea fell by 0.5%.

US retail sales and initial jobless claims data were robust, leading to a mixed performance in overnight US stocks with the Dow hitting a new high, semiconductor stocks leading the gains, and NVIDIA hitting an intraday high. The upward trend in Asia-Pacific semiconductor stocks continued today, with TSMC in Taiwan rising nearly 5% after its earnings report.

European stocks opened slightly lower, with the Euro Stoxx 50 Index down 0.1%, the German DAX Index down 0.2%, the UK's FTSE 100 Index down 0.4%, and the French CAC 40 Index down 0.2%.

Yesterday, the European Central Bank cut interest rates for the third time this year as expected, lowering rates by 25 basis points. The Eurozone's September CPI remained stable at 1.7% year-on-year, the first time in three years it has fallen below the central bank's target, leading to increased expectations of a rate cut, with the probability of a significant 50 basis point cut in December rising to 20%.

US stock index futures showed mixed movements with little volatility.

Spot gold maintained its high level, trading at $2703 per ounce. In early trading today, spot gold surpassed the $2700 per ounce mark, reaching a new historical high.

International oil and silver prices saw slight gains.

Before the US stock market opens, American Express, Schlumberger, Procter & Gamble, and others are set to release their earnings reports

### Related Stocks

- [Taiwan Semiconductor Manufacturing Company Limited (TSM.US)](https://longbridge.com/en/quote/TSM.US.md)
- [Netflix, Inc. (NFLX.US)](https://longbridge.com/en/quote/NFLX.US.md)

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