Asian Markets Surge on Tech Momentum, All Positive Except India

Asian equity markets caught a tech-fueled lift as expectations of a Fed rate hike faded, leaving every major market positive except India.

Tech‑Driven Surge Powers Asian Exchanges

Japan, Hong Kong and Singapore saw technology stocks—especially semiconductor and cloud service firms—climb an average %2.3, signaling a revival in regional risk appetite.

Fed Signal Shift: Market Sentiment Recalibrates

The U.S. Federal Reserve’s probability of a rate hike slipped to 30% from a prior 55%, prompting “softer‑money” expectations across Asia. The move nudged the USD/JPY pair lower and encouraged risk‑on positioning via the yen.

Regional Divergence: India’s Cold Spell

While every other major market rose, the BSE Sensex fell %0.5. Domestic inflation pressures and post‑election uncertainty kept Indian investors on the defensive.

Quick Stats: Volume and Index Moves

■Nikkei 225: +1.2% (tech sector +2.3%)

■Hang Seng: +0.8%

■Straits Times Index: +0.9%

■S&P BSE Sensex (India): -0.5%

■Fed rate‑hike probability: 30% (down from 55%)

Volkan Şen – The easing of Fed policy signals is flooding Asian liquidity pools, steering smart‑money flows toward tech‑heavy equities. The broad‑based buying across markets outside India suggests the short‑term “risk‑on” wave will likely persist, while India’s cautious stance underscores lingering regional disparities. Investors should tilt toward technology and consumer electronics for upside, but maintain a defensive posture on Indian exposure.