Published on 04/06/2025 03:00 PM
Asia-Pacific markets advanced Wednesday after Wall Street rose on the back of a tech rally, led by chipmaker Nvidia, with South Korean stocks leading gains.
South Korean markets rose as opposition party leader Lee Jae-myung won the presidential election. The Kospi index popped 2.66% to end the day at 2,770.84, hitting its highest level since August last year, while the small-cap Kosdaq advanced 1.34% to 750.21.
Lee’s “election pledge has placed considerable weight on enhancing the value of the Korean stock market,” John Cho, Korea equity portfolio manager at J.P. Morgan Asset Management, said in a note.
Futures on Wall Street are pointing towards another positive start for the benchmark indices after the job openings data surprised on the positive side on Tuesday, leading to the indices ending at the day’s high.
The Dow futures are currently up 75 points, while the S&P 500 and Nasdaq futures are up 10 points and 25 points respectively.
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Futures are pointing towards another positive start for Wall Street.
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