Sentiment in Asian markets improved and benchmarks closed higher on Thursday tracking the tech rally in Wall Street the day before. Renewed optimism about a Federal Reserve rate cut in December catalyzed the market moves.
China's Shanghai Composite Index added 0.29 percent to finish trading at 3,875.26. The day's trading ranged between 3,864.13 and 3,895.59. The Shenzhen Component Index closed 0.25 percent lower at 12,875.19.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.