Oct 14, 07:22 AM

Asian Stocks Rise on Wall Street Gains; S&P 500 and Dow Hit Record Highs, Nikkei Climbs 1.2%, Oil Prices Drop 3%

Asian stock markets experienced gains following a strong performance on Wall Street, where major indices, including the S&P 500 and Dow, reached fresh all-time highs. The Nikkei 225 rose by 1.2%, while the ASX 200 increased by 0.7% and the KOSPI gained 0.2%. This upward momentum in Asia was tempered by ongoing concerns regarding the details of China's stimulus measures, which have remained vague, leading to mixed responses from Chinese markets. Despite this, there was some optimism in the property sector as China's stimulus sparked hope among investors, although overall buyer confidence remained subdued. Meanwhile, oil prices saw a decline of 3% as supply concerns eased, contributing to the positive sentiment in Asian markets.