FINWIRES · TerminalLIVE
FINWIRES

Falling Oil Prices, Middle East Views Lift Asian Stock Markets

By

Asian stock markets tracked higher Wednesday as global crude prices eased, and on media reports that the Trump Administration and Tehran are in peace discussions. Overnight fresh all-time zeniths on Wall Street helped set tone.

Hong Kong and Shanghai finished in the green, while Tokyo remained closed on holiday.

Seoul's KOSPI index rose 6.5% to shatter the 7,000-milestone, on strength in tech and semiconductor issues, including a 14.4% rise in Samsung Electronics shares.

In Hong Kong, the Hang Seng Index opened evenly and rose to the close, finishing up 1.2% as traders viewed Persian Gulf prospects, and noted a 7% decline in Brent crude prices during market hours. A property-sector rally lifted broader indices as well.

The broad gauge Hang Seng rose 315.17 to 26,213.78, as gaining issues outnumbered losers 67 to 22. The Hang Seng TECH Index gained 0.8% on the day, while the Mainland Properties Index rose 4.6%.

Leading the upside was Xinyi Glass, gaining 9.8%, while Li Auto declined 2.6%.

On the mainland, the Shanghai Composite rose 1.2% to 4,160.17.

On the other regional exchanges, the Taiwan TWSE inclined 0.9%; the Australian ASX 200 inclined 1.3%; the Singapore Straits Times Index rose 0.1%, and the Thai Set inclined 1.8%. In late trading in Mumbai, the Sensex was up 1.2%.

The MSCI All Country Asia Pacific Index rose 2.6% on the day, also striking a record high.

Related Articles

International

Philippines' Production Value Index, Net Sales Index Rise in March

The Philippines' value of production index (VaPI) for manufacturing rose 10.5% annually in March, faster than the 4.5% increase in the month prior, data from the Philippine Statistics Authority showed on Wednesday.In March 2025, the index had posted a 0.1% annual increase.Meanwhile, the volume of production index rose 7.8% in March, accelerating from a 3.1% increase in the month prior and reversing the 0.6% decline a year earlier.The country's production index measures real output in the manufacturing sector.The value of the net sales index for manufacturing grew 4.3% year on year in March, faster than the 1.9% annual growth in the preceding month.The volume of net sales index edged up 1.8% year on year in March, versus a 0.5% annual rise in the month prior, the data showed.

^PSEI
International

Philippines' Jobless Rate Slows to 5% in March

The Philippines' unemployment rate eased to 5.0% in March, from 5.1% a month earlier, according to data from the Philippine Statistics Authority released on Wednesday.The latest reading, however, is higher than the 3.9% recorded a year earlier.The number of unemployed persons in March stood at 2.58 million, down from 2.66 million in February but higher than 1.93 million in March 2025, the PSA said.Meanwhile, the country's employment rate was 95% in March, higher than 94.9% in February but below 96.1% a year earlier, the data showed.

^PSEI
International

Beijing Tourism Revenue Up 7% During May Day Holiday

Beijing generated 22.4 billion yuan in tourism revenue during the five-day May Day holiday, a 6.6% year-on-year increase, according to the Beijing Municipal Bureau of Culture and Tourism.China's capital city received 18.8 million tourist visits, up 5.1%. Inbound visits rose 22.3% to 128,000, with spending reaching 1.38 billion yuan.Beijing hosted over 2,000 cultural activities, including 1,684 live performance sessions, generating 260 million yuan in box office revenue.

Shanghai Composite^SZSE