Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings.
Australia stock markets climb to record high
Australia’s S&P/ASX 200 climbed 0.58% to a record high of 8,689.4 during early trading hours. Year-to-date, the benchmark index as risen 6.62%, data from LSEG showed.
Index heavyweights like mining giant BHP and Rio Tinto are up 1.7% and 1.32% respectively. Biotech firm CSL is up over 1.7%.
Asia markets open Friday trading in the green
Asia markets started the trading day higher. Japan’s benchmark Nikkei 225 rose 0.39% at the open, while the Topix climbed 0.26% as of 8.02 a.m. local time (8.02 p.m. ET Tuesday).
South Korea’s Kospi added 0.21% and the small-cap Kosdaq was 0.28% higher
Australia’s S&P/ASX 200 rose 0.44%.
Source: CNBC