British News Agency

The Nifty 50 Index rose to 26,284.2, and the BSE Sensex Index climbed to 86,026.18. Both indices last reached record highs in September 2024.

Japan’s benchmark Nikkei 225 advanced 1.42%, led by technology shares, while the Topix Index gained 0.64%. Among the top performers were Advantest, rising up to 5%, tech giant SoftBank adding over 5%, and Tokyo Electron gaining 2.09%.

South Korea’s Kospi Index rose 1.05%, and the small-cap Kosdaq Index gained 0.39%. The Bank of Korea kept its benchmark rate unchanged at 2.5% for the fourth consecutive meeting, citing the weakening local currency and overheating housing market. The Korean won depreciated to its lowest level against the U.S. dollar since April.

Australia’s S&P/ASX 200 Index increased 0.42%. Hong Kong’s Hang Seng Index rose 0.12% at the open, while China’s CSI 300 Index was little changed.

According to data released by the Chinese government on Thursday, China’s industrial profits fell 5.5% year-on-year in October. In the first ten months of the year, profits increased 1.9% year-on-year after a 3.2% rise in January–September.

Major U.S. indices climbed for the fourth straight session on rising expectations of a December Fed rate cut. Analysts estimate the probability of a quarter-point cut at 85%, up from 30% last week.

On Wednesday, the Dow Jones Industrial Average rose 314.67 points (0.67%) to close at 47,427.12. The S&P 500 gained 0.69% to 6,812.61, while the Nasdaq Composite increased 0.82% to 23,214.69.