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
Yellow River's Hukou Waterfall returns to full force
Aerial photo taken on July 2, 2020 shows the Hukou Waterfall in its flood period on the Yellow Rive2024-05-08Revealed: The startling number of English
The startling number of English-trained horses set to compete at this year's Grand National has offi2024-05-08Auckland Transport to be stripped of planning powers
Transport Minister Simeon Brown. Photo: RNZ / Angus Dreaver2024-05-08- Chris Sutton and Ian Ladyman were unable to reach an agreement on who should be crowned the Premier2024-05-08
Xi Sends Congratulatory Letter to Forum on Development of Tibet
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08Lauren Sanchez turns heads with figure
Lauren Sanchez was spotted turning heads in a figure-hugging dress as she joined her fiancé, Jeff Be2024-05-08
atest comment