Asian Markets: Nikkei, Kospi, Nifty

What happened: Asian markets, including Nikkei, Kospi, and Nifty, experienced a bullish trend from Monday to Thursday, driven by positive cues from Wall Street. This was largely due to a slower-than-expected pace of acceleration in U.S. consumer price inflation, which eased concerns about interest rate hikes. The Japanese market, for instance, saw the Nikkei 225 index surge by 4.3% on Monday, recouping losses from the previous sessions. The South Korean KOSPI, after a four-day losing streak, ended higher on Wednesday and was expected to continue its upward trajectory on Thursday.

Market impact: The rally was broad-based, with most sectors participating in the gains. Technology and exporter stocks led the gains in Japan, while bargain hunting was prevalent across the region following the recent sell-off. The rebound was particularly notable in South Korea, where the KOSPI index climbed back from a 10% loss to just beneath the 5,480-point plateau.

What to watch next: Investors should closely monitor the U.S. inflation data due later this month, as it could provide further clarity on the Federal Reserve's interest rate policy. Additionally, the earnings season is set to kick off in the U.S. in mid-October, with major banks reporting, which could provide insights into corporate health and guidance. Lastly, the technical levels around the 27,000 mark for the Nikkei 225 and the 5,500 level for the KOSPI will be crucial to watch, as they could indicate a change in market sentiment.