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:
ITV adds 'discriminatory language' warning to rerun episodes of classic 80s sitcom Terry and JuneBlackhawks agree to a 6Inside the starTechnical glitch temporarily closed southern Norway airspace, causing delays at Oslo airportNoah Cyrus flashes her bottom in extremely lowXavi says Barcelona's improved play has been key to changing his mind to leave the clubWater system from early Shang Dynasty discovered in central ChinaKentucky appeals court denies Bob BaffertLabour refuses to commit to matching Rishi Sunak's defence spending pledge of 2.5% of GDP by 2030Rosie Huntington
0.1407s , 6516.625 kb
Copyright © 2024 Powered by Stock market today: Asian shares mostly gain after tech shares lead Wall St higher ,World Web news portal