BusinessA currency traders walks near the screen showing the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Wednesday, April 24, 2024. – Asian shares have tracked Wall Street’s rally, led by a 2.4% advance for Tokyo’s benchmark Nikkei 225 index powered by strong gains for semiconductor makers.Japan’s benchmark Nikkei 225 gained more than 900 points to close at 38,460.08, its highest level in a month.
“Market participants will be closely monitoring updates for any indications of how the Bank of Japan might address foreign exchange pressures during this week’s policy meeting,” Anderson Alves of ActivTrades said in a commentary.The Hang Seng in Hong Kong added 2% to 17,158.55, while the Hang Seng Tech Index gained 3.1%. Chinese artificial intelligence company Sensetime Group’s shares surged 31.2% after it released the latest version of its SenseNova generative AI model on Tuesday.
A preliminary report from S&P Global released Tuesday seemed to hit that sweet spot. Treasury yields eased in the bond market, and stocks added to gains immediately after its release. Kimberly-Clark gained 5.5% after the maker of Huggies, Kleenex and Kotex also raised its earnings forecast for the full year. General Motors revved up by 4.4% after citingThey helped overshadow an 8.9% drop for Nucor after the steelmaker fell short of forecasts for both profit and revenue.
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Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in TokyoAsian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index. U.S. futures rose while oil prices also edged higher. Technology-related shares led the regional climb. On Tuesday, the S&P 500 jumped 1.2% and the Dow Jones Industrial Average climbed 0.7%, and the Nasdaq composite rose 1.6%.
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Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateAsia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets. U.S. futures rose and oil prices fell. The retreat in Asia on Monday following a mixed start to earnings reporting season that took the S&P 500 down 1.5% on Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.
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Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateAsia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets.
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Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsAsian shares were mixed in muted trading, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225 finished little changed Tuesday. Shares fell in Sydney, but rose in South Korea and China. Wall Street edged back further from its record heights reached last week. The S&P 500 slipped 0.
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Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts. Chinese markets rose while shares fell in Tokyo and Seoul Monday. The Chinese yuan dipped to its lowest level in four months. Oil prices advanced and U.S. futures were lower.
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Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedMarkets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020.
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