Asian markets ended Thursday's trading session in positive territory lifted by smart rally in the US after manufacturing survey came in better than expected, soothing the nerves of traders about the health of the US economy. Buoyant economic data from across the world lifted market sentiment boosting hopes of sustaining global economic recovery and avoiding double dip recession. Almost all the stocks ended with modest gains amid caution ahead of key economic data related to jobs report in the US.
In Japan, the benchmark Nikkei 225 Index rose 135.82 points, or 1.5%, to 9063 while the broader Topix index of all First Section issues gained 8.02 points, or 1.0%, to 819.
On the economic front, a statement released by the Bank of Japan revealed that the monetary base in the country rose 5.4% year-over-year in August, standing at 98.399 trillion yen, following a 6.1% annual increase in July. The report further noted that on seasonally adjusted basis, the monetary base shed 4.2% on year to 99.474 trillion yen in August.
As many as 31 of the 33 sectors in the market ended in positive territory on optimism that global economic recovery will be sustained and the chances of either stalling recovery or double-dip recession look bleak.
Machinery stocks and exporters led the gains on optimism about global economic recovery. Kyocera Corp. climbed 3.30%, Fanuc Ltd advanced 1.20%, TDK Corp. rose 2.48%, Denso Corp. was up 3.04%, Sony Corp. added 2.19%, Canon Inc. gained 1.15%, Advantest Corp. increased 1.51% and Panasonic Corp. edged up 0.37%.
Mixed trading was witnessed among automotive stocks. Honda Motor gained 1.85%, Mitsubishi Motors rose 1.89%, Suzuki Motor Corp. advanced 1.48%, Nissan Motor climbed 2.95% and Isuzu Motors was up 1.05%. However, Toyota Motor Corp. bucked the trend and ended in negative territory with a loss of 0.25%, and Mazda Motor declined 0.54%.
Shipping transport stocks ended in positive territory. Nippon Yusen added 0.91%, Mitsui OSK Lines climbed 2.81% and Kawasaki Kisen Kaisha advanced 0.95%.
In Australia, the benchmark S&P/ASX200 Index gained 37.00 points, or 0.82%, and closed at 4,533 points, while the All-Ordinaries Index ended at 4,563, representing a gain of 36.20 points, or 0.80%.
On the economic front, a report released by the Australian Bureau of Statistics revealed that the country's trade surplus for July unexpected compared to the previous month, largely due to lower exports of commodities such as coal, iron ore and non-monetary gold. The trade balance showed a surplus of A$1.9 billion in July compared to the A$3.4 billion surplus in the previous month. Economists were looking for a surplus of about A$3.1 billion. Exports of goods and services fell 4% in July compared to A$25.4 billion. The decrease was largely due to a 6% fall in exports of non-rural goods. Imports, on the other hand, were up 2% from the previous month to A$23.5 billion. Imports of intermediate goods climbed 9%, and those of consumption goods rose 1%.
Light sweet crude oil futures for October delivery ended at $73.82 a barrel in electronic trading, down $0.09 per barrel from previous close at $73.91 a barrel in New York on Wednesday.
Banking stocks ended in positive territory on optimism about global economic recovery. ANZ Bank gained 1.25%, Commonwealth Bank of Australia rose 1.19%, National Australia Bank advanced 1.09% and Westpac Banking climbed 1.39%. However, investment banking company Macquarie Group bucked the trend and ended in negative territory with a loss of 1.06%.
Mining and metal stocks also ended higher. BHP Billiton added 1.08%, Rio Tinto advanced 1.25%, Gindalbie Metals gained 1.65%, Iluka Resources rose 1.06%, Macarthur Coal increased by 1.47%, Mincor Resources edged up 0.56%, Murchison Metals soared 8.19% and Oz Minerals climbed 2.45%.
Mixed trading was witnessed among energy-related stocks. Woodside Petroleum advanced 0.77% and Oil Search added 0.17%. However, Santos Ltd ended in negative territory with a loss of 1.61% and Origin Energy slipped 0.13%.
The Indian market failed to hold its initial gains on Thursday despite a rally on Wall Street overnight and notable gains across Asia. The benchmark indexes pared gains after the European markets opened in the red ahead of interest rate decision from the European Central Bank and data on U.S. pending home sales. Wall Street also looked poised for a tepid start ahead of Friday' s non-farm payrolls report. The 30-share Sensex finished the range-bound session 32 points or 0.18% higher at 18,238, while the 50-share Nifty rose by 14 points or 0.26% to 5,486.
Among the other major markets open for trading, China's Shanghai Composite Index gained 32.89 points, or 1.25%, to 2,656, Singapore's Strait Times Index added 3.83 points, or 0.13%, to 2,987, and Taiwan's Weighted Index advanced 52.57 points, or 0.69%, to close at 7,721. However, Jakarta Composite Index in Indonesia bucked the trend and ended in negative territory with a loss of 13.17 points, or 0.42%, at 3,122.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.