Asia markets rise after China’s steady GDP data

October 20, 2025 (MLN): Asia markets kicked off the week on a positive note Monday, as investors digested fresh economic data from China and political developments in Japan.

China’s economy grew 4.8% YoY in the July-to-September quarter.

The country also left its benchmark lending rates unchanged, with the one-year loan prime rate steady at 3%, as CNBC reported.

In equity markets, Hong Kong’s Hang Seng Index jumped more than 2%, while the mainland CSI 300 advanced 0.74%.

Japan’s Nikkei 225 surged nearly 3%, crossing the 49,000 mark for the first time, and the Topix rose 2%.

The rally followed reports from NHK that the ruling Liberal Democratic Party and the Japan Restoration Party have effectively agreed to form a coalition government.

Elsewhere, South Korea’s Kospi gained 0.36% after hitting record highs for three consecutive sessions last week, and the Kosdaq climbed 1.13%. Australia’s S&P/ASX 200, however, slipped 0.1% at the open.

On Wall Street, U.S. markets ended higher Friday as traders reacted to Washington’s softer stance on trade talks with China and brushed aside concerns over regional banks.

The Dow Jones Industrial Average rose 238.37 points, or 0.52%, to close at 46,190.61. The S&P 500 added 0.53% to finish at 6,664.01, and the Nasdaq Composite gained 0.52% to 22,679.98.

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