An exchange centre houses the Australian Stock Exchange (ASX) in Sydney, Australia on Tuesday, August 12th, 2025. The S&P/ASX 200 index extended its profit to 0.3% after the central bank cut 25 basis points. Photographer: Lisa Mary Williams/Bloomberg via Getty Images
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The Asia-Pacific market was mostly closed on Thursday after a technology rally on Wall Street lifting up the S&P 500 and Nasdaq composite despite growing fears around the economy.
Japanese benchmark Nikkei 225 As domestic technology stocks led by SoftBank Group acquired, 42,580.27, up 1.53%, up 1.53%, up over 6%. Stocks Fujikawacircuit and optical cable manufacturers, and Nvidia suppliers advantage 6.04% and 4.63%, respectively.
Earlier in the session, shares of Kyoto-based NIDEC Corp fell 22.44% after the company announced an investigation into the group’s inappropriate accounting allegations.
The wider Topix index closed at 3,080.17, up 1.03%.
In Australia, the S&P/ASX 200 benchmark rose to 1% to 8,826.5. Household expenditures for July rose 0.5% per month, according to the Australian Bureau of Statistics on Thursday. This is compared to the 0.3% profit in June. Every year, household spending growth increased by 5.1% in July, the fastest pace since November 2023.
Growth was driven by demand in the health, transportation and other goods and services sectors.
Meanwhile, the Korean Kospi index rose 0.52% at 3,200.83, while the small Kosdaq added 1.08% to 805.42.
Hong Kong’s Hangsen Index cut its previous profits, closing the trading session 1.12% and closing at 25,058.51, while the mainland CSI 300 retreated 2.12% in volatile trading at 4,365.21.
Indian benchmark Nifty 50 The Sensex index was 0.39% higher as of 2:01pm India standard time (EST 4:31 AM EST).
The global bond market continues to focus on long-term borrowing costs around the world under pressure. The US 30-year Treasury Department went above 5% on Wednesday morning since July after a court ruled that most of the Trump administration’s tariffs were illegal and raised questions about the future of tariff revenues.
Japan’s 30-year bond yields were a record high on Wednesday, driven by a 100 basis point rise this year, high inflation, low real rates and political uncertainty.
Overnight within the state, three major averages were mixed closed. The S&P 500 rose on Wednesday, spurring optimism that the tech giant could survive the regulatory threat, with a federal court ruling in the Alphabet antitrust case.
The high-tech NASDAQ Composite rose 1.03% to finish the day at 21,497.73, while the S&P 500 rose 0.51% to finish at 6,448.26. The Dow Jones industrial average was lagging behind, settling at 24.58 points (0.05%) at 45,271.23.
– CNBC’s Jenni Reid, Sean Conlon and Pia Singh contributed to this report.
