"Asian Stocks" Asia-Pacific stock markets generally rise, Taiwan, Japan, and South Korea stocks hit new highs, Taiwan Semiconductor reaches historical high

China and the United States have reached a preliminary consensus on several important economic and trade issues. The three major U.S. stock indices hit record highs last Friday (24th), and the Asia-Pacific stock markets generally rose. Stocks in Taiwan, Japan, and South Korea reached new highs.

The People's Bank of China conducted a net injection of 148.3 billion yuan through a seven-day reverse repurchase operation and carried out a 900 billion yuan one-year MLF operation. The Shanghai Composite Index rose by 41 points or 1%, closing at 3,991 points, a ten-year high. The Shenzhen Component Index increased by 168 points or 1.3%, closing at 13,457 points. The Hang Seng Index rose by 267 points or 1.1%, closing at 26,427 points, with a turnover of 156.5 billion yuan. After the holiday, the Taiwan stock market reopened, with the weighted average index rising by 582 points or 2.1%, closing at 28,114 points, reaching a new high of 28,196 points during the session. Taiwan Semiconductor reached a historical high of 1,500 New Taiwan dollars, rising 3.1% to 1,495 New Taiwan dollars. MediaTek and Hon Hai rose by 3.1% and 2.5%, respectively, while Quanta Computer rose by 5.5%.

The Nikkei 225 index in Japan once rose to a new high of 50,491 points, currently up 1,028 points or 2.1%, closing at 50,328 points. Kioxia rose by 9.9%, while SoftBank and Advantest rose by 4.9% and 5.1%, respectively. U.S. President Trump’s visit to Japan is expected to encourage Japan to increase defense spending, leading Kawasaki Heavy Industries to rise by 8.9%. The South Korean Kospi index reached a historical high of 4,038 points, currently up 70 points or 1.8%, closing at 4,011 points. Samsung Electronics, SK Hynix, and Samsung Biologics each rose by over 2%, while Hyundai Heavy Industries rose by over 5%, and financial stock KB Financial rose by 3.4%.

The Nifty 50 index in India rose by 162 points or 0.6%, closing at 25,956 points. Reliance Industries and Bharti Airtel rose by 2.1% and 1.8%, respectively, while Tata Steel and the State Bank of India rose by 1.5% and 1.4%. The S&P/ASX 200 index in Australia rose by 30 points or 0.3%, closing at 9,049 points. Gold mining stock Newmont fell by 3.9%. Mining stock Rio Tinto rose by 1%. The NZX 50 index in New Zealand rose by 14 points or 0.1%, closing at 13,391 points.

The Straits Times Index in Singapore rose by 21 points or 0.5%, closing at 4,443 points. DBS and Singtel rose by 0.8% and 0.9%, respectively, while Yangzijiang Shipbuilding rose by 5.6%, and Jardine Matheson fell by 2.7%. Malaysia and Thailand, which reached a trade agreement with the United States, saw their stock markets rise by 0.4% and 1.6%, respectively. The Hanoi stock market in Vietnam rose by 0.5%, while the Ho Chi Minh stock market fell by 0.7%. The stock markets in Indonesia and the Philippines fell by 3% and 1.4%, respectively