Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
Asian markets forged higher Tuesday after another day of gains on Wall Street led by technology stocks.
U.S. futures were nearly flat and oil prices edged higher.
Tokyo’s Nikkei 225, reopening after a national holiday, jumped 1.6% to 38,835.10. The advance was led by semiconductor companies like Tokyo Electron, which closed 4.8% higher, and Advantest, which picked up 2.2%.
The Kospi in South Korea surged 2.1% to 2,731.83, helped by big tech companies like Samsung Electronics, which racked up a 4.5% gain, and smaller rival SK Hynix, which added 3.7%.
Hong Kong’s Hang Seng shed 0.5% to 18,470.90. But the Shanghai Composite index recovered from early losses, gaining 0.3% to 3,148.56.
Australia’s S&P/ASX 200 advanced 1.3% to 7,781.70 after the central bank decided to keep interest rates unchanged at 4.35%.
While the Reserve Bank of Australia has likely set the bar high for any rate hikes, it “will probably need to see several more months of soft data before it is confident that it can loosen policy settings. All told, rate cuts will likely take longer to materialize than most are anticipating,” Abhijit Surya of Capital Economics said in a commentary.
Related articles
Russia plans nuclear weapon drills after angry exchange with Western officials
Russia on Monday threatened to strike British military facilities and said it would hold drills simu2024-05-07China to Build 2,000 Fitness Facilities by 2025
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07China Implements Differentiated Epidemic Control Measures in Factories to Keep Production Stable
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07China Improves Legislation to Protect Children in Cyberspace
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07Dodgers place Kelly on injured list. Buehler activated to make first start in 2 years
LOS ANGELES (AP) — Dodgers reliever Joe Kelly was placed on the 15-day injured list Monday with a ri2024-05-07In pics: World Snooker International Championship 2023
(Xinhua) 13:27, November 13, 2023Zhang Anda (C) competes during the final between Zhang Anda of Chin2024-05-07
atest comment