Most of the Asian shares advanced on Thursday because the technology shares were steady from the new defeat, with the Australian market reaching the highest record in positive business activity data for August.
Chinese shares also advanced, reaching the highest multi-year amid an increase in optimism over economic recovery and stimulus. The Japanese market is lagging behind, because data shows sustainable contractions and narrowed in the manufacturing sector.
The regional market ignores medium signs all night from Wall Street, as a sustainable sales on technology street technology. The market is also fearful of a rather hawkish signal from the Minutes of the Federal Reserve July meeting, which reiterates the approach to waiting for banks on interest rates.
S&P 500 Futures flat in Asian trade, with the current focus on the address of Fed Jerome Powell’s chairman at the Jackson Hole symposium this week.
China shares again at the highest multi-year, S.Korea Rebound
China Shanghai Shenzhen CSI 300 and Shanghai Composite Index rose 0.9% and 0.7% respectively. CSI 300 has reached the highest level since October 2025, while SSEC has re -captured the peak of more than nine years.
The Chinese market is crying in August amid the increasing hope that Beijing will provide more economic support, especially because of the economic printing for July to paint a sour picture.
Kospi South Korea jumped 1%, sharp rebounds from three days sharp losses because local technology shares seemed to have found the bottom.
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Kospi reached the lowest level of 1-½ months on Wednesday when local technology shares track defeat to their global colleagues, which was triggered by increasing doubts over the profitability of artificial intelligence.
ASX 200 Hits Australia noted height in positive PMI
ASX 200 Australia is one of the better players in Asia on Thursday, up 1% to violate 9,000 points for the first time.
The Australian market is driven by investors that rotate from technology and to more economic sensitive sectors such as finance and commodity, which are the two largest sectors in ASX.
Positive purchase manager index data also helps local shares. The manufacturing sector and Australian services both grew at faster speeds in August from the previous month.
The Brambles logistics company shares reached the highest record after recording a strong annual profit and announced the repurchase of $ 400 million shares.
Hong Kong Flat As Baidu Weighs after Medium Income
Hong Hong Kong’s Hang Seng Index is flat due to losses in the internet giant Baidu Inc. (HK: 9888) mostly compensate for profits in other sectors.
Baidu (Nasdaq: Bidu) dropped by 3% after the logging of the second quarter revenue was lacking, because the return of the AI investment only partially compensated to the sustainable decline in its core advertising business.
Outside Baidu, several Chinese companies registered in HK are regulated to report income in the coming days. China Resources Power Holding (HK: 0836) and Li Ning Co. Ltd (HK: 2331) will report later on Thursday, while China Petroleum (OTC: SNPTY) & Chemical Corp (HK: 0386), also known as Sinopec (OTC: Shiiy), will report on Friday.
Among the wider Asian markets, the Nikkei 225 index and Japanese Topix fell about 0.5%each, extending the decline in the highest record earlier this week.
PMI data shows the Japanese manufacturing sector shrinks again in August, although with a smaller speed than estimates. The growth of the service sector is slowing.
India’s Nifty 50 index rose 0.3%, left over 25,000 points after reclaiming the level for the first time in more than a month on Wednesday. Indian shares, at least for now, it seems to have dismissed concerns over the increase in US trade tariffs, because the government announced a number of reforms aimed at supporting the economy.
PMI data shows the Indian manufacturing sector and services grew more than expected in August, highlighting sustainable resilience in the economy because it wrestled with increasing US trade tariffs and potential disruption to its oil supply.
Singapore’s Straits Times Index is flat.
Source: Investting.com
