Tech shares surge, Asia-Pacific index reaches record high

Market analysts noted that stock prices of tech companies in South Korea and Japan rose significantly, driving the MSCI Asia-Pacific index to a new record, up 0.7 percent. In the first six weeks of this year, the index’s profit reached nearly 13 percent.

Japanese Prime Minister Sanae Takaichi’s election victory and commitment to economic easing positively influenced the country’s market. The yen strengthened by approximately 2.7 percent. European futures indices also showed signs of strong openings. Corporate earnings season is ongoing, with investors closely watching company financial reports. Strong US economic data influenced the market.

Recent labor market figures showed US employment exceeded expectations, and unemployment slightly decreased, stabilizing the economy. This may result in short-term interest rates remaining unchanged. Recent US Treasury bond yields reflected a one-day gain of 5.8 basis points, reaching 3.505 percent, the highest in recent times. The yen’s recovery was an exception in the market, boosting investor confidence.