High-rise buildings are seen near Victoria Harbour in Hong Kong, China.
Costfoto | Nurphoto | Getty Images
Asia-Pacific markets climbed Friday, led by Hong Kong, as Wall Street continued to rally after the U.S. Federal Reserve held rates and laid out a roadmap for cuts in 2024 and beyond.
China released November data for its industrial output growth, retail sales, house prices and urban investment. Most notably, it posted its biggest industrial output expansion since February 2022 in November, though retail sales growth underwhelmed expectations.
Hong Kong’s Hang Seng index led gains in Asia and surged 3.27% higher, while the CSI 300 index was up 0.7%
In Australia, the S&P/ASX 200 continued to extend its four-month high, up 1.04% and on pace for a sixth straight day of gains.
Japan’s Nikkei 225 also rebounded from Thursday’s losses, up 1.21%, while the Topix was also 0.76% higher.
South Korea’s Kospi advanced 0.93% and the small-cap Kosdaq was marginally lower.
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