Asia markets gain on fed cut hopes, tech surge

November 27, 2025 (MLN): Asia markets advanced on Thursday, mirroring Wall Street’s upbeat momentum as expectations for a U.S. Federal Reserve rate cut strengthened and global tech sentiment improved.

India led regional gains, with the Nifty 50 surging to a historic high of 26,284.2, surpassing its previous peak set in September 2024. The BSE Sensex also edged closer to a fresh record, rising 0.16% in early trade.

Japan’s markets followed suit. The Nikkei 225 jumped 1.42% on a strong rebound in technology shares, while the Topix rose 0.64%.

Among the standout performers were tech names: chip-testing leader Advantest surged up to 5%, SoftBank Group gained more than 5%, and Tokyo Electron advanced 2.09%, extending the sector’s positive momentum, according to CNBC.

South Korea also saw broad-based gains. The Kospi gained 1.05%, and the Kosdaq added 0.39% after the Bank of Korea held its key interest rate at 2.5% for the fourth straight meeting.

The central bank continued to highlight concerns over a softening won and persistent pressures in the real estate market. The Korean currency has fallen to its weakest level since April against the U.S. dollar.

Across the region, Australia’s ASX 200 rose 0.42%, while Hong Kong’s Hang Seng Index inched up 0.12% at the open.

Mainland China’s CSI 300 traded flat amid weak economic indicators.

Fresh government data showed industrial profits dropping 5.5% in October, while cumulative profits for January–October grew 1.9%, moderating from 3.2% in the first nine months.

Global sentiment was lifted by Wall Street’s continued rally overnight. U.S. stocks marked their fourth straight session of gains as traders priced in a high probability of a December rate cut.

According to the CME FedWatch tool, investors now assign an 85% chance of a 25-basis-point cut, sharply higher than the 30% probability seen just a week earlier.

Tech stocks provided an additional boost, with Oracle shares jumping more than 4% after Deutsche Bank reiterated its positive outlook on the company.

At Wednesday’s close, the Dow Jones Industrial Average added 314.67 points (0.67%) to 47,427.12, the S&P 500 rose 0.69% to 6,812.61, and the Nasdaq Composite climbed 0.82% to 23,214.69.

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