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:
Related suggestion:
What to stream: 'Iron Claw,' 'Pretty Little Liars,' Ryan CastroCelebrity bodyguardDEAR JANE: My wife has ditched her razor for goodJAN MOIR: Is Basil goose stepping in front of Germans still funny? Of course it bloody is!This is why you should be taking fashion advice from Nigel Farage, Rishi Sunak and Keir StarmerMeghan who? The 'dear friends' of the Duchess who claim they 'don't really know' herMet Gala 2024: Theme, guest lists and how the stream. All you need to knowNatalie Spooner leads Toronto to 5Urgent search for P&O cruise ship passenger feared to have fallen overboard near Sydney HarbourJavier Assad pitches 6 innings as Cubs blank Brewers 5
0.1157s , 6497.015625 kb
Copyright © 2024 Powered by Stock market today: Asian shares mostly gain after tech shares lead Wall St higher ,Cultural Currents news portal