Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
Time:2024-05-07 22:31:13 Source:opinionsViews(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:Macron sets Ukraine war as top priority as China's Xi Jinping arrives in France
Next:Overseas businessmen show confidence in Hong Kong's business environment
You may also like
- Human remains were found at a former Hitler base, but decay prevents determining the cause of death
- I put my night sweats down to early menopause
- Meet The Richardsons fans fear show will be cancelled after Jon Richardson and Lucy Beaumont's nine
- New Yorker gives hilarious reaction to being underwhelmed by solar eclipse
- Mystery as California firefighters find two dead bodies inside 'human
- Gazelle with SIX LEGS is photographed in Israel
- How to tell if you have the sleep disorder that even doctors don't know about
- From House Sparrows to Blue Tits: The stunning birds spotted the most often in UK gardens
- Madonna performs to a record