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:
Night Economy Booms Across China During Labor Day HolidayChina Moves to Strengthen Scientific Education in Primary, Secondary SchoolsChinese Farmers Busy with Field Works at Beginning of SummerThe 7 Chinese Cities That Win Hearts of Tourists for Holiday TravelChina Makes Great Progress in Combating Trafficking in Women and Children: ExpertMusic Experts Visit 'Spring Bud Dream Chorus' in HubeiMoxibustion Treatment Picking up During Heat WavesChina to Provide Trainee Jobs for College Graduates, Young PeopleConstruction Begins on Intangible Cultural Heritage Museum in XinjiangChina Enhances Judicial Protection for Minors Against Sexual Violations
0.1234s , 6499.5703125 kb
Copyright © 2024 Powered by Stock market today: Asian shares mostly gain after tech shares lead Wall St higher ,Stellar Series news portal