Japan's Nikkei hits 3-month high amid a broad rise in Asia-Pacific markets; China stocks fall

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Investors assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month.

24/7 San Diego news stream: Watch NBC 7 free wherever you areOn Wall Street, the broad market S&P climbed 0.77% to 5,859.85, while the 30-stock Dow advanced 201.36 points to 43,065.22, ending the session above the 43,000 mark for the first time.share average hit a three-month high on Tuesday amid a broad rise in Asia-Pacific stocks, with China stocks being the exception.

Following a public holiday on Monday, the Nikkei resumed trading to gain 1.5% at 40, 230, its highest intrad-day level since July 18.China may raise an additional 6 trillion yuan through treasury bonds over three years to as it seeks to boost its economy local media groupThe popularity of anime — or animation produced in Japan — has boomed in recent years, and several global entertainment companies are leading in, according to Jefferies.

"Many companies are now positioning anime-related businesses as core to their growth strategies," the investment bank's analysts said in an Oct. 9 equity research note. Looking ahead, they expect the market to double from $31.2 billion in 2023 to $60.1 billion by 2030, based on estimates from Grand View Research.It is still too soon to dismiss rising inflation risks, according to Deutsche Bank macro strategist Henry Allen.Major central banks have adopted greater-than-expected levels of near-term monetary easing.

Commodity prices have increased on the back of China's stimulus announcements and Middle East tensions.The chipmaker last traded around $137 per share. The stock is still below its intraday all-time high of $140.76, which was set in June 20.Crime and Courts

 

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Hong Kong stocks fall as stimulus rally fizzles; Japan's Nikkei leads gains in AsiaMarkets in mainland China will remain closed until Oct. 8 for a week-long holiday and South Korea will be shut Thursday for National Foundation Day.
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