Stock market today: Asian markets are mostly higher after another winning close on Wall Street

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 44 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Business News

World News

Asian shares are mostly higher after U.S. stocks rose to records to close out their latest winning week.

A flood warning and a rip current statement in effect for Columbia and Glynn, Coastal, Inland Regions

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Oct. 21, 2024. Hong Kong's Hang Seng was an outlier, falling 0.6% to 20,869.39, but the Shanghai Composite gained 0.8% to 3,288.32. The A-share index of the smaller market in Shenzhen picked up 2.2%.The gains in mainland Chinese markets followed cuts in the one-year and five-year Loan Prime Rates, which are reference rates for lending. Lower rates can help reduce pressure on borrowers, particulary property developers that have suffered following a crackdown on excessive borrowing several years ago.

Early Monday, U.S. benchmark crude was up 38 cents at $69.07 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, picked up 31 cents to $73.37 per barrel.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 246. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street hangs near its records after wild swings in Asian marketsU.S. stocks are hanging near their records following a wild start to the week for financial markets in Asia. The S&P 500 was flat in early Monday trading, coming off its sixth winning week in the last seven. The Dow Jones Industrial Average pulled back 155 points, or 0.4%, from its all-time high set on Friday, while the Nasdaq composite rose 0.2%.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian markets surge higher after Wall Street takes a breatherShares are higher in Asia after U.S. stocks edged back from their records.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian markets surge higher after Wall Street takes a breatherShares are higher in Asia after U.S. stocks edged back from their records.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street. Benchmarks rose in Tokyo, Sydney, Seoul, Hong Kong and Shanghai in early Thursday trading. On Wall Street, the S&P 500 climbed 0.7% Wednesday to top the all-time high it set last week.
Source: AP - 🏆 728. / 51 Read more »