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:2024-05-07 21:13:24 source:Global Glimpse 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
  • Bugging equipment found in room where Polish government was to meet
  • GLOBALink
  • China's Zuo Wins Women's All
  • China's Quan and Chen Storm to Women's Sychronized 10m Platform Victory
  • Larsa Pippen flashes diamonds on THAT finger while out with on
  • Astronaut Mother Sends Wishes to Her Children
  • For Active Ningxia Aunties, Skateboarding Is Way of Life
  • Coffee Grown by Women of Wa Ethnic Group in SW China's Yunnan Sent as a Gift at UN
Recommended content
  • Brooke Shields and model daughter Grier Henchy, 18, get matching tattoos with a sentimental meaning
  • Paris 2024 unveils volunteer uniforms
  • China's Twin Wang Sisters Win Gold in Budapest Worlds Artistic Swimming
  • Cunchao Attracts Billions of Views, Boosts Regional Development
  • They shared a name — but not a future. How two kids fought to escape poverty in Baltimore
  • Zhang Weili Defends UFC Strawweight Title Against Brazil's Amanda Lemos