Asia stocks gain amid Wall Street tech rally

September 04, 2025 (MLN): Asia-Pacific markets mostly advanced on Thursday, tracking overnight gains on Wall Street where a tech rally lifted the S&P 500 and Nasdaq Composite, though economic concerns capped broader sentiment.

Japan’s Nikkei 225 rose 1.26%, while the Topix gained 0.79%.

Shares of Kyoto-based Nidec Corp plunged as much as 22.44% after announcing a probe into allegations of improper accounting.

In Australia, the S&P/ASX 200 climbed 0.64% after July household spending rose 0.5% month on month, up from 0.3% in June, as CNBC reported.

On a yearly basis, spending grew 5.1%, the fastest pace since November 2023, supported by health, transport, and miscellaneous goods and services.

South Korea’s Kospi gained 0.14% and the Kosdaq rose 0.94%.

Hong Kong’s Hang Seng index dropped 1.21%, while China’s CSI 300 fell 2.47% in volatile trading.

India’s Nifty 50 opened 0.82% higher, and the Sensex added 0.64%.

Global bond markets remained in focus as long-dated yields climbed.

The U.S. 30-year Treasury yield rose above 5% for the first time since July, while Japan’s 30-year bond yield hit a record high, up 100 basis points this year on inflation and political uncertainty.

On Wall Street, the Nasdaq Composite gained 1.03% to 21,497.73 and the S&P 500 rose 0.51% to 6,448.26, supported by tech stocks after a favorable Alphabet antitrust ruling.

The Dow Jones Industrial Average slipped 24.58 points, or 0.05%, to 45,271.23.

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