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
Rihanna goes 'nude' as she models a lacy body suit in a video promoting her new lingerie collection
Rihanna couldn't find what she wanted, so she made it herself. The 36-year-old multi-hyphenate, who2024-05-08Kid Cudi says he broke 'something in my heel' after falling off stage during his last
Kid Cudi shared an update on his health after injuring his foot during his appearance at the Coachel2024-05-08Celine Dion reveals she wore a coat for 'nerve
Celine Dion revealed the reason why she decided to wear a coat while making a surprise appearance at2024-05-08- The golf world will have to wait a little longer to see whether Nelly Korda can make history with a2024-05-08
Anne Hathaway and husband Adam Shulman join Kate Hudson at Derek Blasberg's star
Anne Hathaway and husband Adam Shulman were among a number of celebrity guests at Derek Blasberg's 42024-05-08Columbia switches to hybrid learning amid protests over Israel's war in Gaza
NEW YORK (AP) — Columbia University’s main campus will switch to hybrid learning for the rest of the2024-05-08
atest comment