Up 61% so far in 2025, South Korean stocks are on track to post their strongest gains in a quarter century
From the sharp selloff in Intel's stock after CEO's resignation to the strong spending spree by Americans during Thanksgiving, here's a look at some of the major developments from across the world.
Investors are closely monitoring Japanese labor market data, housing and retail trade figures from Australia, and a sprinkling of earnings reports from regional giants such as Standard Chartered, Nomura Holdings, and Samsung.
Japan's Nikkei 225 rose 1.13 percent in early trade, while the Topix index was up 1.2 percent. South Korea's Kospi index gained 0.87 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent after sliding to its lowest level since Dec. 11 on Friday.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.3 percent lower at 607.77 after reaching a record high above 610 on Wednesday, weighed down after Wall Street shares stalled overnight.
Japan's Nikkei 225 hovered around the flat line in the early going. Automakers were mixed: Toyota declined 0.66 percent while Mitsubishi Motors tacked on 1.04 percent. Technology stocks traded mostly higher, with Sony rising 1.09 percent and SoftBank Group advancing 0.71 percent.
Japan's benchmark Nikkei 225 index rose 0.22 percent in early trade. The index had touched a fresh 26-year high in the last session, but pulled back from that level later in the day.
The Nikkei 225 advanced 1.12 percent, rebounding after recording a near 2 percent fall in the middle of the week. Also providing support for the increase was the softer yen, which traded above the 113 level to the dollar. Automakers, tech names and trading houses recorded gains.
Down Under, the S&P/ASX 200 shed 0.07 percent. The energy and materials sub-indexes led gains in the broader market after commodity prices strengthened overnight. Those gains, however, were offset by losses in the utilities and consumer discretionary sub-indexes.
Japanese Prime Minister Shinzo Abe's ruling coalition secured a two-thirds "super majority" after winning 312 out of 465 seats available at Sunday's election, Reuters said, citing local media. Abe's solid win at the polls points to a continuation of fiscal and hyper-easy monetary policies under his Abenomics program.
Japan's Nikkei 225 climbed for a ninth straight day, with investors looking to extend gains after the benchmark index touched a fresh 21-year high in the last session. The index was up 0.7 percent.
Japan's Nikkei 225 was little changed, with the index sliding 0.04 percent a day after touching a 21-year high. Gains in retail names were offset by losses in blue-chip auto and tech stocks: Fast Retailing soared 3.53 percent, Toyota was off 0.71 percent and Softbank Group lost 0.45 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.15 percent.
Japan's Nikkei 225 rose 0.35 percent, with gains in automakers, trading houses and financials driving the broader rise in the index. Across the Korean strait, the Kospi traded just below the flat line, falling 0.03 percent.
In Australia, the benchmark S&P/ASX 200 index was higher by 0.26 percent, driven by strong showings in its materials sub-index, which was up 1.57 percent.
The Nikkei 225 advanced 0.59 percent and South Korea's benchmark Kospi index edged up 0.01 percent.
Stocks in Asia were mostly flat on Thursday following a slightly lower close on Wall Street in the last session and ahead of the Caixin PMI data from China due later in the morning.
North Korea fired what looked to be a ballistic missile near its coast. The missile reportedly landed in the Sea of Japan after staying in the air for 6 minutes. This is the ninth missile the hermit state has tested this year, as it faces increasing pressure from the U.S. and historical ally China over its missile testing program.
Japan's Nikkei 225 declined 0.25 percent after the dollar/yen slipped below the 111 handle.
The Kospi was down by 0.52 percent, with China-exposed stocks pressured following heightened tensions in the Korean peninsula. Shares for Lotte Shopping, the retail arm of conglomerate Lotte, fell by 1.59 percent, while shares of LG Electronics plunged 1.97 percent.
Japanese benchmark Nikkei 225 dropped more than 1.5 percent and the safe-haven yen strengthened.
During Asian trade, Brent crude futures were up 0.66 percent to USD 52.15 a barrel, and US crude gained 0.57 percent to USD 49.14.
China's Shanghai composite added 0.11 percent while the Shenzhen composite gained 0.15 percent.
Chinese stocks were resiliently higher, with Shanghai composite up 0.03 percent and Shenzhen composite added 0.3 percent. Hong Kong's Hang Seng index was up 0.46 percent.