Asian Markets Snapshot

Mostly Positive Momentum

Asian markets are trading mostly higher, buoyed by positive cues from European markets and a lull in Wall Street activity following the U.S. holiday.

Investors also responded favorably to outcomes from the Shanghai Cooperation Organization (SCO) summit, adding stability amid tariff-related uncertainties.

Alibaba Leads the Charge

Alibaba stock surged, powering a rebound in major indices like Hong Kong’s Hang Seng and Shanghai Composite.

Currency & Equity Flows

Indonesia’s central bank is working to stabilize the rupiah, targeting ~16,300 per U.S. dollar. The Jakarta index (JKSE) rebounded 1.17% after previous declines.

#AsianMarkets #AlibabaRally #SCOImpact #MarketRebound #TechBoost