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
American soldier was arrested in Russia and accused of stealing from a girlfriend, US officials say
WASHINGTON (AP) — An American soldier visiting a girlfriend in Russia’s port city of Vladivostok was2024-05-07How China's rest stations for outdoor workers create prospects for new employment forms
By Chi Zao, Tian Yi and Wu Chaolan (People's Daily Online) 20:14, March 01, 2024Editor’s Note:Two se2024-05-07- Kendall Jenner was spotted walking the grounds on the first day of the celebrity-packed weekend one2024-05-07
Teyana Taylor shows off her toned figure in denim
Teyana Taylor put on a glamorous display at the Revolve Festival in Palm Springs, California during2024-05-07Zendaya wows in a glamorous vintage backless dress as she attends Anna Wintour's star
Zendaya showed off her jaw-dropping figure in a dazzling gown as she arrived at Vogue editor Anna Wi2024-05-07Seafood trade flourishes in lively border city
(Xinhua) 09:07, February 07, 2024Trucks wait to pass the highway port in Hunchun City, northeast Chi2024-05-07
atest comment