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
The EU's executive decides to end legal standoff with Poland over democracy concerns
BRUSSELS (AP) — The European Union’s executive decided on Monday to end its 6-year dispute with memb2024-05-08China, Micronesia to elevate ties
President Xi Jinping holds a welcoming ceremony on Tuesday in Beijing for President of the Federated2024-05-08Chinese Embassy lashes out at U.S. over harassing Chinese citizens at border
The Chinese Embassy in the U.S. lashed out at the U.S. for overstretching the scope of normal law en2024-05-083 scientists share 2023 Nobel Prize in Physics
(Xinhua) 14:56, October 05, 2023The announcement of the 2023 Nobel Prize in Physics is held at the R2024-05-08WNBA expansion franchise Golden State hires Ohemaa Nyanin as its general manager
OAKLAND, Calif. (AP) — WNBA Golden State has named Ohemaa Nyanin as the team’s general manager, the2024-05-08Meet the Real Housewives star who spent £25m on a 1,000
When a Canadian reality TV star and her plastic surgery tycoon husband bought a historic Kent castle2024-05-08
atest comment