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ASX 200 Index rose 0.9% to 8,720.3 points, reaching a new record high.
Asia-Pac stocks begin with mild gains after the positive lead from Wall St where the S&P 500 and Nasdaq 100 rose to fresh record highs with sentiment underpinned by better-than-expected data: ASX 200 (+0.5%), Nikkei 225 (+0.2%), KOSPI (+0.1%)
Asian stocks are expected to rise following strong U.S. retail and jobless data, record Wall Street closes, and positive earnings reports from Taiwan Semiconductor and Netflix. Market optimism persists despite tariff tensions and political uncertainties.
Asia-Pacific equities opened higher on Friday, extending the positive momentum from Wall Street, where the S&P 500 and Nasdaq 100 finished at fresh record highs after stronger-than-expected U.S. retail sales and a drop in weekly jobless claims. Australia’s ASX 200 climbed 0.9% to an all-time high of 8,720.3, while Japan’s Nikkei 225 added 0.2% and South Korea’s Kospi advanced 0.1% in early trading. Analysts said sentiment was reinforced by upbeat second-quarter results from Taiwan Semiconductor Manufacturing Co. and Netflix, which helped offset lingering concerns over U.S.–China tariff frictions and domestic political uncertainty across the region.
