"Asian Stocks" Asia-Pacific stock markets generally rise, with indices in Japan, South Korea, Taiwan, and Singapore hitting record highs

The U.S. Producer Price Index fell below expectations, and the market continues to anticipate interest rate cuts in the U.S., leading to a general rise in Asia-Pacific stock markets. Oracle's substantial orders from OpenAI continue to stimulate technology stocks in the region, while SoftBank, participating in the U.S. Stargate infrastructure plan, continues to rise. Stock indices in Japan, South Korea, Taiwan, and Singapore have reached new highs.

The People's Bank of China conducted a net injection of 79.4 billion yuan through reverse repurchase operations in the open market. The Shanghai Composite Index closed at 3,855 points, up 42 points or 1.1%; the Shenzhen Component Index closed at 12,887 points, up 330 points or 2.6%. The Hang Seng Index in Hong Kong fell 75 points or 0.3% to 26,124 points, with a turnover of 176.3 billion yuan. The Taiwan Weighted Index rose 107 points or 0.4% to 25,299 points, reaching a new high of 25,541 points during the session. TSMC rose 1.6%, hitting a new high of 1,260 New Taiwan dollars during the session, while Hon Hai rose 1.7%.

The Nikkei Average rose 375 points or 0.9% to 44,212 points, reaching a new high of 44,396 points during the session. Technology stocks led the gains, with SoftBank rising 9.2%, Kioxia rising 10.5%, and Disko and Advantest rising 4.7% and 4.2%, respectively. The South Korean Kospi index rose 11 points or 0.4% to 3,326 points, reaching a new high of 3,344 points during the session. SK Hynix and LG Energy Solutions rose 2.3% and 2.2%, respectively, while Samsung Electronics rose 0.3%. The Indian Nifty 50 index fell 1 point to 24,971 points. IT service provider Infosys declined by 1.4%.

The Australian S&P/ASX 200 index fell 44 points or 0.5% to 8,786 points. National Australia Bank and Westpac both fell over 1%. The New Zealand Stock Exchange 50 index fell 85 points or 0.6% to 13,191 points. The Singapore Straits Times Index fell less than 1 point to 4,346 points, reaching a new high of 4,367 points during the session. DBS fell 0.4%, while Sembcorp Industries rose 2.2%. The Malaysian stock market fell 0.5%, while the Thai and Indonesian stock markets rose 0.6% and 0.9%, respectively. The Philippine stock market rose 0.2%, while the indices in Hanoi and Ho Chi Minh City, Vietnam, fell 1.6% and 0.8%, respectively