A pedestrian walks by a big digital display screen displaying the numbers for the Cling Seng Index on August 22, 2025 in Hong Kong, China.
China Information Service | China Information Service | Getty Photos
Asia markets climbed Monday, led by China and Hong Kong shares, after Federal Reserve Chair Jerome Powell signaled that the central financial institution may start easing financial coverage subsequent month in his broadly anticipated annual speech in Jackson Gap, Wyoming.
Hong Kong’s Cling Seng Index surged 2.11% to come back inside vary of a four-year excessive. Positive aspects had been led by Chinese language property developer which rose 8.21%, which jumped 6.01% and which gained 5.94%.
The tech sector was among the many key contributors to the HSI’s good points. The Cling Seng Tech index rose 3.11%, with robust strikes seen in Nio, which gained 14.73% and semiconductor and electronics producer ASMPT, which added 6.74%.
Mainland China’s CSI 300 prolonged its good points for the fourth consecutive session, climbing 1.39% and reaching a 37-month excessive earlier within the day.
“A preferred view is that maturing time deposits may shift into equities and maintain the momentum, given deposit charges have declined notably,” analysts at Goldman Sachs wrote in a Sunday observe. “Some additionally see potential inflows if Fed price cuts set off capital rotation from the US to China, and observe bond-to-equity rotation as a key driver of current fairness market good points.”
Robust good points had been additionally seen in Taiwan’s Taiex index, which superior 2.47%.
Over in South Korea, the Kospi index elevated by 1.14%, whereas the small-cap Kosdaq superior 1.92%.
In Japan, the Nikkei 225 benchmark rose 0.27%, whereas the broader Topix index ticked up 0.1%.
Australia’s S&P/ASX 200 benchmark added 0.22%, after crossing the 9,000 threshold earlier within the session.
Over in India, the benchmark Nifty 50 added 0.35%, whereas the BSE Sensex index moved up 0.23%.
Elsewhere within the Asia-Pacific, market watchers are awaiting Singapore’s client worth index studying for July. Economists polled by Reuters count on a 0.6% rise yr over yr, in keeping with the month earlier than.
U.S. fairness futures traded near the flatline as buyers await synthetic intelligence darling Nvidia‘s earnings.
Final Friday, the blue-chip Dow soared 846.24 factors, or 1.89%, to a document stage of 45,631.74.
In the meantime, the broad market S&P 500 rose 1.52% to six,466.91, whereas its session excessive was simply three factors shy of its document. The tech-heavy Nasdaq Composite gained 1.88%, ending the session at 21,496.53.
— CNBC’s Tanaya Macheel contributed to this report.
