Peace Hopes, AI Demand Lift Asian Stocks

nasdaq
2026.04.16 11:20
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Asian stock markets experienced significant gains on Thursday, driven by increased optimism for a resolution to the U.S.-Iran conflict and strong demand in the tech sector. China's GDP grew 5% year-on-year in Q1 2026, surpassing expectations, leading to a 0.70% rise in the Shanghai Composite Index. The Nikkei 225 surged 2.38% to a record high, while the Hang Seng Index and Kospi also posted gains. However, Australia's S&P/ASX200 fell 0.26% amid inflation concerns. Wall Street closed mixed, with the Nasdaq and S&P 500 reaching record highs.