Asian Shares Trace Wall St. Rallies

Asian shares rose on Friday, September 12, 2025, tracking Wall Street’s record-setting run the day before, after a mixed set of US data bolstered expectations that the Federal Reserve will cut interest rates to support the economy, Teresa Cerojano and Stan Choe reported for the Associated Press (AP).

Japan’s Nikkei 225 set another intra-day high, climbing 0.9% to 44,781.09. (Photo: Japan Exchange Group Facebook)

Japan’s Nikkei 225 set another intra-day high, climbing 0.9% to 44,781.09, its third straight day of gains. Tokyo Electron, Sony Group, and Fast Retailing were among the movers.

In Chinese markets, Hong Kong’s Hang Seng index gained 1.5% to 26,484.65, lifted by reports that Beijing may order state banks to help cover local governments’ unpaid bills.

The Shanghai Composite edged up 0.2% to 3,877.38.

In Seoul, the Kospi advanced 1.3% to 3,387.02, while Australia’s S&P/ASX 200 added 0.7% to 8,867.90. India’s BSE Sensex rose 0.3%, and Taiwan’s Taiex gained 0.6%.

“What’s moving markets now isn’t just another rally — it’s the unmistakable shift of a dovish Fed tide, the kind that doesn’t rise in isolation but swells across oceans, lifting virtually every boat in every harbour,” Stephen Innes of SPI Asset Management said in a market commentary.

Wall Street’s rally continued Thursday, as stocks climbed after the latest US data kept the path clear for Fed rate cuts.