Asia-Pacific Markets Surge Following Wall Street’s Record High #

Asia-Pacific markets rallied on Monday, mirroring the gains seen on Wall Street. The S&P500 reached a new all-time high, rising by 1.23% to settle at 4,839.81, surpassing its previous record from January 2022. The Dow Jones Industrial Average and the Nasdaq Composite also rose by 1.05% and 1.70%, respectively. Investors in the region are closely watching China’s one- and five-year loan prime rates. Hong Kong’s Hang Seng index is expected to open stronger, while Australia’s S&P/ASX 200 started the week with a 0.48% gain. Japan’s Nikkei 225 and South Korea’s Kospi also registered positive movements. The Bank of Japan is set to announce its monetary policy decision on Tuesday, while Japan and South Korea will release trade balance and GDP figures later in the week.