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
- Jewish leaders have demanded that a pro-Gaza activist who yelled 'Allahu Akbar' when he was elected2024-05-07
Blue Jays reinstate outfielder Kevin Kiermaier from injured list
WASHINGTON (AP) — The Toronto Blue Jays reinstated outfielder Kevin Kiermaier from the 10-day injure2024-05-07Prince Harry's new meeting with King Charles shows a thaw in frosty relations, royal experts say
Prince Harry's expected meeting with King Charles in London next week suggests the frosty relations2024-05-07- Anya Taylor-Joy put on a quirky display as she joined Chris Hemsworth and his wife Elsa Pataky at th2024-05-07
Bernie Sanders campaigns for Biden while raising concerns about Gaza
WASHINGTON (AP) — In April, Bernie Sanders repeatedly stood shoulder to shoulder with President Joe2024-05-07Legendary golf commentator and former Ryder Cup star Peter Oosterhuis dies aged 75
Former Ryder Cup player Peter Oosterhuis has died at the age of 75. The Englishman, who played in si2024-05-07
atest comment