Global Equities Surge Amidst Tech Boom and Ceasefire Hopes
Global equities experienced a surge as record-breaking gains in Japan and a tech rally on Wall Street boosted market sentiment. Optimism around a potential Ukraine ceasefire, coupled with U.S. rate cut expectations and upbeat earnings reports, contributed to positive performance across global financial markets.
On Thursday, global equities saw a notable rise, largely driven by impressive gains in Japanese stocks and a technology sector surge on Wall Street. Optimistic earnings reports and increasing hopes for a ceasefire in Ukraine further bolstered market sentiment.
Despite U.S. President Trump's additional tariffs on imports, including a 25% duty on Indian goods linked to Russian oil, markets continued to rally. The STOXX 600 in Europe increased by 0.5%, with bourses in Frankfurt and Paris witnessing even higher gains. In contrast, Britain's FTSE 100 fell slightly by 0.3%.
In Asia, Japan's Topix index closed at a new high, and Taiwan's benchmark hit a peak not seen in over a year. Major tech players like TSMC saw significant stock increases. Meanwhile, the U.S. dollar declined slightly as the Federal Reserve considered easing policies under potential new leadership appointees by Trump.
(With inputs from agencies.)
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