Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
Time:2024-05-07 23:59:17 Source:entertainmentViews(143)
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.
Previous:Yu Darvish pitches 5 scoreless innings as the Padres beat the Cubs 6
Next:Turkey says it has carried out new airstrikes against Kurdish militants in northern Iraq
You may also like
- Robinhood Markets receives SEC notice for alleged securities violations at crypto unit
- Boarding Schools Ensure Fairer Education in Tibet
- Various Activities Held to Celebrate 'Pohui' Festival in S China's Guangxi
- China Encourages Integrating Intangible Cultural Heritage, Tourism
- Baja California: How a beach trip turned deadly for surfers from Australia and US
- TCM Treatment in Tangshan, N China
- Various Folk Cultural Activities Held to Welcome Upcoming Lantern Festival in China
- Half of China's Population Aged 65 to 69 Use Smartphones: Survey
- Details of UK military personnel exposed in huge payroll data breach