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Asia-Pacific Markets Climb as Wall Street Reaches Record Highs
22 Jul
Summary
- Asia-Pacific markets rise, tracking overnight gains on Wall Street
- Japan's Nikkei 225 and Topix index climb over 1%
- South Korea's Kospi and Kosdaq also advance
On Tuesday, Asia-Pacific markets saw a surge in trading, with key indexes climbing as investors tracked the overnight rally on Wall Street. In Japan, the Nikkei 225 index rose 1.12% to reach 40,254.18, while the broader Topix index gained 0.96% to 2,861.63. This comes after the ruling party in Japan lost its upper house majority over the weekend.
Elsewhere in the region, South Korea's Kospi edged higher by 0.1%, and the tech-heavy Kosdaq gained 0.7%. Australia's S&P/ASX 200 index also advanced, climbing 0.54%. The gains across the Asia-Pacific markets were driven by the strong performance on Wall Street, where major indexes reached record highs, as investors evaluated robust corporate earnings despite ongoing concerns about trade tariffs.
