Technical rally, BOK rate decision, Nikkei record

Commercial and residential buildings are illuminated at dawn in Seoul, South Korea on Saturday, October 21, 2023. South Korea has prepared a 75.9 trillion won ($56.97 billion) financial aid package for companies to boost investments in key sectors and small sectors. Businesses struggling with the impact of higher interest rates.

Bloomberg | Bloomberg | Good pictures

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

The Nikkei rose 1.37% at the open, while the broader-based Topix rose 1.17% to hit a new high.

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