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
Kyle Larson and Denny Hamlin, the dominant NASCAR Cup Series drivers, could have a blooming rivalry
KANSAS CITY, Kan. (AP) — What is quickly becoming the best rivalry in NASCAR evidently has at least2024-05-08Take closer look at giant pandas eating bamboos at Toronto Zoo
Male giant panda Da Mao eats bamboos during the first day of the Chinese Lunar New Year at the Toron2024-05-08Follow Xi's Steps: Why Did President Xi Visit Suzhou Industrial Park?
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08Macron, Le Pen lead 1st round of French presidential election
French President Emmanuel Macron delivers a speech at a rally after the first round of French presid2024-05-08Celebrity birthdays for the week of May 12
Celebrity birthdays for the week of May 12-18:May 12: Actor Millie Perkins (“Knots Landing”) is 88.2024-05-08Xinhua Headlines: A solidly modernizing China to chart blueprint for year 2022
* The annual sessions of China's top political advisory body and top legislature will soon convene.*2024-05-08
atest comment