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 00:00:48 source:Culture Current 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
  • How Miami became a sporting powerhouse: Lionel Messi, David Beckham and Tyreek Hill call it home, A
  • Offering a chair to older colleague at work could count as age discrimination, judge rules
  • Alarm over 'strange' illness that has killed four and sickened dozens more in Nigeria
  • Donald Trump's Georgia judge dismisses some criminal charges
  • Nintendo to announce Switch successor in this fiscal year as profits rise
  • Two US Navy sailors arrested on charges tied to national security and China
  • 'Barbie' makes history with $1 billion at the box office
  • Hong Kong down to earth designer Niko Leung crafts ceramics from construction waste
Recommended content
  • Macron sets Ukraine war as top priority as China's Xi Jinping arrives in France
  • Chinese hackers breached US ambassador to China's email account
  • Concorde makes journey along New York's Hudson River
  • US Treasury Secretary Yellen visits China for high
  • John Swinney expected to lead Scotland after being confirmed as Scottish National Party leader
  • VOX POPULI: LDP’s Nikai’s ‘expenditures’ on books must make libraries weep