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
Woman reveals horror of being sexually abused by her cousin's fiancé, 26, when she was 12 years old
A woman has revealed how her cousin's fiancé sexually abused her when she was just 12 years old - a2024-05-07- Ryan Reynolds might be a huge movie star, but even his busy shooting schedule hasn't stopped him fro2024-05-07
- The Premier League has witnessed matches so bonkers that you will struggle to forget where you were2024-05-07
Ange Postecoglou admits he has not watched back Tottenham's humiliating 6
Ange Postecoglou has not watched back the video nasty from Tottenham’s 6-1 humiliation at Newcastle2024-05-07Donald Trump calls Joe Biden weak on antisemitism, ignoring his own rhetoric
NEW YORK (AP) — Donald Trump is accusing Joe Biden of offering a weak response to antisemitism, wiel2024-05-07Pep Guardiola is spotted wearing a £1.1MILLION watch while managing Man City against Real Madrid
Manchester City boss Pep Guardiola was seen flaunting one of the rarest watches in the world that is2024-05-07
atest comment