Major global stock markets generally rallied on November 27, with the tech sector delivering a standout performance that drove all three major U.S. stock indices higher at the close. The Dow Jones Industrial Average closed at 47,427.12, up 314.67 points, or 0.67%. The S&P 500 ended at 6,812.61, rising 0.69%. The Nasdaq Composite closed at 23,214.69, up 189.1 points, or 0.82%, hitting a recent closing high.

Asian markets also saw active performance. Japan’s Nikkei 225 surged 1.85% to close at 49,559.07, inching closer to the 50,000-point mark. South Korea’s KOSPI index jumped 2.67% to 3,960.87, a new high for the year. China’s ChiNext Index performed prominently, rising 2.14% to close at 3,044.69, with the new energy and semiconductor sectors contributing the main gains. European markets continued their upward trend after opening: Germany’s DAX 30 index rose 1.11%, and France’s CAC 40 index climbed 0.88%, as market expectations for a December rate cut by the European Central Bank heated up.

Analysts pointed out that the marginal improvement in global economic data and expectations of a shift in monetary policies by major central banks are the core drivers supporting the stock market rally. Institutions predict that the loose liquidity at the end of the year, combined with the recovery of corporate profits, may continue to boost the performance of risky assets.