Asia-Pacific stocks rise following overnight Wall Street surge

Asia-Pacific stocks rise following overnight Wall Street surge


SINGAPORE — Shares in Asia-Pacific climbed in Friday morning trade following big gains overnight on Wall Street as the Nasdaq Composite surged 3%.

South Korea’s Kospi gained 0.27% while the S&P/ASX 200 in Australia advanced 0.46%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.26% higher.

Investors watched moves in Asia-Pacific technology stocks after their counterparts on Wall Street rallied overnight. The tech-heavy Nasdaq Composite jumped 3.06% to 12,871.53.

In Friday morning trade, shares of South Korean industry heavyweight Samsung Electronics gained nearly 2% while chipmaker SK Hynix climbed more than 1%. Kakao edged 0.11% higher.

Stock picks and investing trends from CNBC Pro:

Apple supplier stocks in the region will also be monitored after the tech giant warned of a potential $8 billion hit from supply constraints.

Markets in Japan are closed on Friday for a holiday.

Other major indexes stateside also saw gains overnight, with the S&P 500 rising 2.47% to 4,287.50. The Dow Jones Industrial Average advanced 614.46 points, or 1.85%, to 33,916.39.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 103.64 as it continues to climb after crossing the 102 level earlier in the week.

The Japanese yen traded at 130.71 per dollar, continuing to remain weak after crossing the 130 level against the greenback yesterday. The Australian dollar was at $0.7114, still off levels above $0.72 seen earlier this week.



Source

Ukraine destroyed more than 40 military aircraft in a drone attack deep inside Russia, official says
World

Ukraine destroyed more than 40 military aircraft in a drone attack deep inside Russia, official says

Smoke rises above the area following what local authorities called a drone attack on a military unit in the Sredny settlement, in the course of Russia-Ukraine conflict in the Usolsky district of the Irkutsk region, Russia, in this still image from a video published June 1, 2025. Governor Of Irkutsk Region | Via Reuters A […]

Read More
I’ve worked with over 1,000 kids—if you want your child to trust you, do 6 things
World

I’ve worked with over 1,000 kids—if you want your child to trust you, do 6 things

Parents want their kids to trust them. They want to be the first person their child turns to with the big stuff, the hard stuff, and the exciting stuff. They want their kids to feel safe enough to ask questions and share emotions. But none of that happens automatically, and trust doesn’t come from simply […]

Read More
Top Wall Street analysts prefer these dividend stocks for consistent returns
World

Top Wall Street analysts prefer these dividend stocks for consistent returns

The Home Depot logo is displayed outside a store on March 10, 2025 in San Diego, California. Kevin Carter | Getty Images Earnings of major U.S. companies and the uncertainty around tariffs continued to impact investor sentiment this week. While the stock market remains volatile, investors seeking consistent returns could add some attractive dividend stocks […]

Read More