FINWIRES · TerminalLIVE
FINWIRES

Persian Gulf, China Economic Outlooks Lift Asian Stock Markets

By

Asian stock markets marched unevenly higher Thursday, as traders reviewed major economic reports from Beijing, and prospects for peace in the Middle East.

Hong Kong, Shanghai, Seoul, Taiwan and Tokyo exchanges finished in the green, although other regional exchanges edged lower.

In Japan, the Nikkei 225 opened higher and rose to the close, up 2.4% as traders weighed media reports of possibly renewed Tehran-Washington peace talks.

The benchmark Nikkei 225 gained 1,384.10 to 59,518.34, as gaining issues outnumbered losers 158 to 64.

Leading the upside was gadget maker TDK, up 13.1%, while heavy-equipment manufacturer Komatsu declined 5.4%.

In Hong Kong, the Hang Seng Index opened higher and tracked north, closing up 1.7%, after Beijing released a slate of generally good economic reports. Tech issues led the upside.

The broad gauge Hang Seng rose 446.94 to 26,394.26 as gaining issues outnumbered losers 61 to 26. The Hang Seng TECH Index gained 3.7% on the day, while the Mainland Properties Index rose 1.2%.

Leading the upside was Contemporary Amperex Technology, gaining 9%, while noodle maker Tingyi declined 3.5%.

On the mainland, the Shanghai Composite rose 0.7% to 4,055.55.

In economic news, mainland China's Q1 gross domestic product (GDP) expanded by 5% on year, meeting Beijing's target, reported the National Bureau of Statistics (NBS).

Additionally, China's industrial output rose 5.7% on year in March, while retail sales lifted a tempered 1.7% in the same period.

China's new home prices across 70 cities fell 3.4% on-year in March 2026, widening from a 3.2% decline in the previous month, reported the NBS.

On the other regional exchanges, the S. Korean KOSPI rose 2.2%; the Taiwan TWSE added 1.1%; the Australian ASX 200 lost 0.3%; the Singapore Straits Times Index slipped 0.3%, and the Thai Set fell 1.1%. In late trading in Mumbai, the Sensex was down 0.2%.

The MSCI All Country Asia Pacific Index rose 1.2% on the day.

Related Articles

International

Employment Growth Trend in Australia Was Positive Before Middle East Conflict Started, Westpac Says

The March labor force data in Australia was broadly in line with expectations, and the trend for employment growth was turning more positive before the onset of the Middle East conflict, Westpac said in a note on Thursday.The lender cautioned that it is too early to expect flow-on effects from the Middle East conflict or from recent interest rate rises to be appearing in labor market measures. The data instead gives a picture of the starting point for the labor market before these forces impact.Australia's seasonally adjusted unemployment rate remained at 4.3% in March, unchanged from the previous month, data from the Australian Bureau of Statistics showed. The total number of employed people increased by 17,900, bringing the total to 14.8 million. Westpac's forecast for employment was 25,000.The data provided clarity that lower unemployment rates around the turn of the year were a result of temporarily weaker participation, not a sustained re-tightening, per the note.The bank's baseline forecast assumes an eight-week closure of the Strait of Hormuz and a gradual recovery in shipping and transit afterwards. In such a case, trimmed mean inflation is expected to peak at around 4% on an annual basis in the second half, and the central bank is expected deliver three more rate hikes in May, June, and August.The labor market is likely to be a "lagging indicator" of the economy, and any flow-through from higher fuel prices or global uncertainty is more likely to show up later in the year, Westpac added. It forecast the unemployment rate to lift to a quarter-average of 4.9% and stay around that level over 2027 as interest rate rises impact.

ASX 200
International

China's Economy Expands 5% in Q1

China's gross domestic product in the first quarter rose 5%, according to Thursday data from the National Bureau of Statistics.The official data beat the 4.8% growth forecasted by Reuters-surveyed analysts.The data was attributed to an acceleration in the growth of the country's production and supply and improving market demand, as well as a rebound in market prices and stable employment.

Shanghai Composite^SZSE
International

China Logs 1.7% Rise in Q1 Fixed Asset Investment

China's fixed asset investment rose 1.7% year over year to 10.3 trillion yuan in the first three months of the year.Private fixed asset investment decreased 2.2%, according to a Thursday news release by the National Bureau of Statistics.Industrial investment climbed 5.8%, while infrastructure investment increased 8.9%.On a monthly basis, fixed asset investment, excluding rural households, increased 0.5% in March.

Shanghai Composite^SZSE