Asian stocks surge; Nikkei returns to 70,000 points

Asian stocks are booming all the way! The Nikkei surged over 1,700 points and returned to 70,000 points. (European News Agency)

[Financial Channel/Comprehensive Report] The U.S. employment data was shocking. All four major U.S. stock indexes closed in the red last Friday. TSMC ADR surged 2.96%. Inspired by this, Asian stocks followed the same trend on Monday (5th). The Nikkei opened higher, soaring 1,763 points, returning to the 70,000 point mark, reaching 70,072 points.

The U.S. employment report for September was unexpectedly weak. The report also increased investors' expectations that the Federal Reserve (Fed) will keep interest rates unchanged in October, boosting the stock market. Last Friday, the Dow Jones Industrial Average rose 250 points, 0.49%, and the S&P 5 The 00 Index rose 0.73%, the Nasdaq Index rose 1.19%, hitting a record high during the session, the Philadelphia Semiconductor Index rose 2.4%, and TSMC ADR rose 13.58 US dollars, 2.96%, to close at 472.78 US dollars.

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Encouraged by this, Asian stocks followed the same trend on Monday (5th). The Nikkei opened directly back to 69,000, opening at 69,113 points. The index rose 804 points. With Mitsui Metals shareholders rising more than 5%, Murata rising more than 3%, and Nitto Bo also rising more than 1%, the index opened higher, rising 1,763 points to 70,072 points. It rose 1,728 points in the morning and was temporarily reported at 70,037 points.

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