Asia stock indexes climb as investors eye U.S. fed and China price trends

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MG News | September 10, 2025 at 11:02 AM GMT+05:00

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September 10, 2025 (MLN): Asia markets advanced on Wednesday, following gains on Wall Street, as optimism grew around a potential interest rate cut by the U.S. Federal Reserve. Investors also evaluated fresh inflation data from China for August.

China's consumer price index fell 0.4% year-over-year in August, according to figures from the National Bureau of Statistics released on Wednesday worse than the 0.2% decline forecasted by economists.

Meanwhile, the producer price index dropped 2.9% from a year earlier, matching expectations and showing improvement from July’s 3.6% fall.

Asian technology stocks linked to Apple saw gains after the company unveiled its new iPhones, Apple Watches, and AirPods on Tuesday.

Shares of Taiwan-based Foxconn, a major iPhone manufacturer, rose 1.2%, while South Korea’s Samsung Electronics climbed 1.4%.

However, the overall market reaction to Apple’s latest product lineup was lukewarm, with shares of the tech giant falling 1.48% in the U.S. session.

Japan’s Nikkei 225 rose 0.72%, while the broader Topix index gained 0.53%. In Australia, the S&P/ASX 200 edged up 0.16%.

On the Chinese mainland, the CSI 300 index was up 0.22%. Hong Kong’s Hang Seng Index rose 1.16% to its highest level since late 2021, while the Hang Seng Tech Index advanced 1.76%.

Alibaba Group’s Hong Kong-listed shares climbed 2.1% after reaching a nearly four-year high earlier in the session.

The boost followed news that X Square Robot, a Chinese humanoid robot startup, had secured around $100 million in a funding round led by Alibaba Cloud, as reported by cnbc.

In South Korea, the benchmark Kospi gained 1.5%, hitting its highest level since late 2021. Government data showed the seasonally adjusted unemployment rate ticked up slightly to 2.6% in August, from 2.5% in July. The small-cap Kosdaq index added 0.53%.

Indonesia’s Jakarta Composite Index rebounded 0.81%, snapping a three-day losing streak. The index had fallen 1.78% in the previous session after President Prabowo Subianto unexpectedly dismissed Finance Minister Sri Mulyani Indrawati late Monday.

Meanwhile, the Indonesian rupiah appreciated 0.15% to 16,446 against the U.S. dollar, after sliding more than 1% the day before.

Singapore’s Straits Times Index surged 1%, reaching a record high of 4,341.32.

In India, the Nifty 50 opened 0.42% higher, while the Sensex rose 0.5%.

U.S. stock futures edged up during early Asian trading hours, as investors awaited key inflation data.

The U.S. producer price index is due Wednesday, followed by the consumer price index on Thursday, offering further insights into inflation’s impact on the economy and interest rate expectations.

Overnight, all three major U.S. indices closed at record highs. Investors shrugged off disappointing jobs data and turned their focus to potential rate cuts by the Federal Reserve.

The S&P 500 rose 0.27% to 6,512.61, the Nasdaq Composite climbed 0.37% to a record 21,879.49, and the Dow Jones Industrial Average gained 196.39 points, or 0.43%, closing at 45,711.34, buoyed by a strong performance in United Health shares.

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