Tech rally, BOK rate decision, Nikkei record

Commercial and residential buildings are lit up at sunrise in Seoul, South Korea, Saturday, Oct. 21, 2023. South Korea has prepared a 75.9 trillion won (US$56.97 billion) financial support program for companies increasing their investments in key sectors, as well as for small businesses struggling with the impact of high interest rates.

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Japan’s Nikkei 225 rose to a new high on Thursday, surpassing 42,000 for the first time. Other markets in the Asia-Pacific region rose on the back of a rally in U.S. Big Tech and increased confidence in Federal Reserve rate cuts.

The Nikkei rose 1.37% at the open, while the broad-based Topix rose 1.17%, also hitting new highs.

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