Electric-vehicle manufacturers lifted Hong Kong stocks on Friday, following a rise in major indices triggered by the US Federal Reserve’s recent interest rate cut.
The Hang Seng index increased by 1.8 percent, with Chinese EV companies Xpeng and Geely Auto seeing gains of 9 percent and 4.8 percent, respectively.
Japan’s Topix rose by 1.5 percent, while South Korea’s Kospi increased by 1 percent.
Australia’s S&P/ASX 200 climbed by 0.4 percent, driven by clinical trial groups Euren Pharmaceuticals and Telix Pharmaceuticals, which rose by 6.7 percent and 4.9 percent, respectively.
On Thursday, the S&P 500 advanced by 1.7 percent, reaching a new record high following the Federal Reserve’s announcement of a half-point rate cut on Wednesday.
