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
- An Israeli tank brigade has seized control of the Gaza Strip side of the Rafah border crossing with2024-05-08
Passenger flow at Urumqi Station surges during the Spring Festival travel rush
Beijing, January 29 (Youth.cn) -On January 28th, 2024, passengers at Urumqi Station were preparing t2024-05-08GT Voice: US Treasury yield signals economy in ‘vicious cycle’
By Global Times (Global Times) 09:45, October 25, 2023Illustration: Chen Xia/Global TimesFor decades2024-05-08Thingyan water festival kicks off in Myanmar
People perform during celebrations of the Thingyan water festival in Yangon, Myanmar, April 13, 20242024-05-08New Liberia forest boss plans to increase exports, denies working with war criminal Charles Taylor
Liberia, West Africa’s most forested country, has a long history of illegal logging, which the count2024-05-08Xi Replies to Letter from Counter
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08
atest comment