Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Stock market today: Asian shares mostly gain after tech shares lead Wall St higher !

Stock market today: Asian shares mostly gain after tech shares lead Wall St higher

Time:2024-05-08 01:01:21 source:International Ideals news portal

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 information
  • College protests: Columbia University cancels main commencement
  • Chinese cities mobilize new technologies to spur improved development
  • Dog owners to shoulder all responsibility if banned large dog injures someone: top court
  • 10 major criminal suspects transferred back to China from Myanmar
  • Harper homers, Wheeler strikes out 11 as Phillies complete 4
  • China to boost private school education with retired teachers
  • Heavy rains set off flash floods, killing 33 people in Afghanistan,
  • Prefab houses for quake
Recommended content
  • Czech Republic's top court rules that surgery is not required to officially change gender
  • Over 1,900 criminal rings busted as China intensifies crackdown on gang crimes
  • West Ham's European hopes hit again with 2
  • China records its first use of terrestrial cable for power transmission between islands
  • Harper homers, Wheeler strikes out 11 as Phillies complete 4
  • Temperatures plunge to historic lows as severe cold fronts impact most of China