Global Markets Rally as U.S. Shutdown Truce Eases Investor Concerns
World markets surged on Monday as a temporary U.S. government shutdown truce and a softer dollar revived risk appetite. The resolution followed weeks of stalled negotiations in Washington, which had restricted access to critical economic data and clouded interest rate expectations. U.S. stock futures rebounded sharply, with S&P 500 futures climbing 0.76%, Dow Jones futures adding 112 points, and Nasdaq-100 futures jumping 1.29%.
Asian equities joined the rally, with South Korea's Kospi soaring 3.02% and Japan's Nikkei 225 gaining 1.26%. Semiconductor giants Samsung Electronics and SK Hynix led the advance, while SK Inc's holding company surged 9.29%. The bullish momentum extended to Hong Kong's Hang Seng index, which ROSE 1.54%.
The market rebound comes after a brutal week for tech stocks, with the Nasdaq Composite posting its worst weekly performance since April. Traders are now repositioning as the political uncertainty lifts and liquidity conditions improve.