{"id":39427,"date":"2025-05-05T11:36:54","date_gmt":"2025-05-05T11:36:54","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/05\/asia-markets-mixed-as-albanese-wins-second-term-adani-stocks-soar-oil-retreats\/"},"modified":"2025-05-05T11:36:54","modified_gmt":"2025-05-05T11:36:54","slug":"asia-markets-mixed-as-albanese-wins-second-term-adani-stocks-soar-oil-retreats","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/05\/asia-markets-mixed-as-albanese-wins-second-term-adani-stocks-soar-oil-retreats\/","title":{"rendered":"Asia markets mixed as Albanese wins second term; Adani stocks soar, oil retreats"},"content":{"rendered":"<div><\/div>\n<p>Asian market sentiment was mixed on Monday, with Australian shares retreating, and most major markets closed for public holidays. <\/p>\n<p>Investors digested the implications of Prime Minister Anthony Albanese securing a historic second consecutive term\u2014Australia\u2019s first in over two decades\u2014while Indian equities climbed on positive investor sentiment and a strong rally in Adani Group stocks. <\/p>\n<p>Meanwhile, oil prices plunged and Asia-Pacific currencies strengthened against a weaker US dollar.<\/p>\n<h2 class=\"wp-block-heading\">Australian markets dip despite Albanese\u2019s re-election<\/h2>\n<p>Australian equities reversed early gains, with the S&amp;P\/ASX 200 falling 0.97% to close at 8,157.80. <\/p>\n<p>This decline follows Friday\u2019s rally, when the index touched its highest level since February 27. <\/p>\n<p>Analysts attributed Monday\u2019s retreat to profit-taking and cautious investor response to Prime Minister Anthony Albanese\u2019s second-term victory, seen as a vote for policy stability amid global economic uncertainty.<\/p>\n<p>While the re-election signals continuity in domestic policy, it also comes at a time when Australia\u2019s exposure to China and shifting trade dynamics is under renewed focus, especially as US-China tensions and global commodity prices remain volatile.<\/p>\n<h2 class=\"wp-block-heading\">India\u2019s Adani Group surges; investor confidence climbs<\/h2>\n<p>Indian stock indices were among the day\u2019s top performers. <\/p>\n<p>The Nifty 50 rose 0.45%, while the BSE Sensex added 0.37%, buoyed by strong gains in Adani Group stocks following news of ongoing discussions with the Trump administration regarding the dismissal of criminal charges in an overseas bribery investigation, as reported by Bloomberg.<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Adani Green<\/strong> jumped 7.71%<\/li>\n<li><strong>Adani Power<\/strong> soared 7.73%<\/li>\n<li><strong>Adani Enterprises<\/strong> gained 7.41%<\/li>\n<li><strong>Adani Ports<\/strong> climbed 7.24%<\/li>\n<li><strong>Adani Energy<\/strong> advanced 4.88%<\/li>\n<\/ul>\n<p>The rally came amid optimism around a potential resolution, fueling investor confidence. <\/p>\n<p>Market veteran <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/asia-squawk-box\/\">Mark Mobius further boosted sentiment<\/a>, noting on CNBC that India is currently receiving the \u201cbiggest love\u201d from global investors, citing its demographic dividend and domestic technology adoption.<\/p>\n<p>Mobius also pointed to Vietnam, Brazil, and Taiwan as other promising markets in Asia and Latin America.<\/p>\n<h2 class=\"wp-block-heading\">Taiwan falls, Indonesia\u2019s growth slows<\/h2>\n<p>Taiwan\u2019s Taiex index dropped 1.23% to 20,532.99 in volatile trading, under pressure from profit-booking and geopolitical concerns. <\/p>\n<p>Meanwhile, Indonesia\u2019s Q1 GDP growth slowed to 4.87% year-on-year\u2014its weakest pace since Q3 2021\u2014below economists\u2019 forecast of 4.91%. The moderation was attributed to subdued exports and tightening credit conditions.<\/p>\n<h2 class=\"wp-block-heading\">Most major Asian bourses closed for holidays<\/h2>\n<p>Markets in Japan, South Korea, Hong Kong, and mainland China were closed Monday due to public holidays, keeping regional trading volumes light.<\/p>\n<h2 class=\"wp-block-heading\">Asia-Pacific currencies strengthen as US dollar weakens<\/h2>\n<p><a href=\"https:\/\/invezz.com\/news\/2025\/05\/05\/usd-twd-forecast-heres-why-the-taiwan-dollar-is-soaring\/\">Currencies across the Asia-Pacific region<\/a> posted gains against the US dollar amid growing expectations of a pause in Fed rate hikes and softer inflation data:<\/p>\n<ul class=\"wp-block-list\">\n<li>The <strong>offshore Chinese yuan<\/strong> edged up 0.12% to 7.2031<\/li>\n<li>The <strong>Taiwanese dollar<\/strong> surged 2.95% to 29.80, its strongest level in nearly three years<\/li>\n<li>The <strong>Australian dollar<\/strong> rose 0.39% to 0.6467<\/li>\n<li>The <strong>Singapore dollar<\/strong> gained 0.43% to 1.2918<\/li>\n<li>The <strong>Japanese yen<\/strong> appreciated 0.43% to 144.39<\/li>\n<li>The <strong>Indian rupee<\/strong> firmed 0.27% to 84.2720<\/li>\n<\/ul>\n<p>The rally in regional currencies reflects improved risk appetite and confidence in emerging markets.<\/p>\n<h2 class=\"wp-block-heading\">Oil prices tumble as OPEC+ ups supply<\/h2>\n<p>Crude oil prices fell sharply after OPEC+ agreed to increase production for a second consecutive month:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Brent crude<\/strong> dropped 2.64% to $59.67 per barrel<\/li>\n<li><strong>West Texas Intermediate (WTI)<\/strong> fell 3.04% to $56.52 per barrel<\/li>\n<\/ul>\n<p>The move dampened hopes of tighter supply supporting prices, raising concerns about oversupply in the second half of the year.<\/p>\n<h2 class=\"wp-block-heading\">Wall Street rally cools in futures trading<\/h2>\n<p>US stock futures retreated slightly after a strong performance last week, with all major indices logging robust gains:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>S&amp;P 500<\/strong> rose 1.47% to 5,686.67, marking its longest winning streak since 2004<\/li>\n<li><strong>Dow Jones<\/strong> climbed 564.47 points to 41,317.43<\/li>\n<li><strong>Nasdaq Composite<\/strong> advanced 1.51% to 17,977.73<\/li>\n<\/ul>\n<p>Futures edged lower Monday, signaling potential consolidation as investors await more clarity on trade tensions and inflation trends.<\/p>\n<p>The post <a href=\"https:\/\/invezz.com\/news\/2025\/05\/05\/asia-markets-mixed-as-albanese-wins-second-term-adani-stocks-soar-oil-retreats\/\">Asia markets mixed as Albanese wins second term; Adani stocks soar, oil retreats<\/a> appeared first on <a href=\"https:\/\/invezz.com\/\">Invezz<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian market sentiment was mixed on Monday, with Australian shares retreating, and most major markets closed for public holidays. Investors digested the implications of Prime Minister Anthony Albanese securing a historic second consecutive term\u2014Australia\u2019s first in over two decades\u2014while Indian equities climbed on positive investor sentiment and a strong rally in Adani Group stocks. Meanwhile, <\/p>\n","protected":false},"author":1,"featured_media":39428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-39427","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=39427"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/39428"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=39427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=39427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=39427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}