Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
Time:2024-05-08 00:34:02 Source:businessViews(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.
You may also like
- Top clubs urge Brazil's soccer federation to suspend league matches because of flooding
- Palace Museum 'meets' Palace of Versailles
- LeBron James becomes first player to score 40000 points
- French bid to host 2030 Winter Olympics talks with Italy, Netherlands to stage speed skating
- Signatures submitted for 'top two' primary election in Republican
- Heavy rainfall, floods cause significant property damage in Australia's NSW
- Sparking youthful passion for the stage
- Chinese online literature starts new chapter overseas
- Jewish leaders demand newly