Asian shares mixed as earnings fuel gains on Wall Street

Markets in China remained closed for Lunar New Year holidays. Tokyo's Nikkei 225 index lost 1.1% to 27,244.12 while the S&P/ASX 200 gave up 0.3% to 7,066.00. Seoul's Kospi jumped 2.1% to 2,718.04, catching up on earlier gains elsewhere after markets in South Korea reopened from holidays. Singapore's benchmark also gained more than 2%.

Most of the companies that have reported results for the last three months of 2021 have delivered earnings and revenue that topped forecasts, despite the higher costs they face due to rising inflation. U.S. benchmark crude oil lost 39 cents to US$87.87 per barrel in electronic trading on the New York Mercantile Exchange. It had gained 6 cents to $88.26 per barrel on Wednesday.Wednesday on Wall Street, the S&P 500 rose 0.9% to 4,589.38. The Dow Jones Industrial Average rose 0.6% to 35,629.33 and the Nasdaq added 0.5% to 14,417.55. The indexes are on pace for solid gains this week.

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Asian stocks follow Wall Street higher with China, Korea closedStock prices in Tokyo and Sydney followed Wall Street higher Wednesday while China, South Korea and Southeast Asian markets were closed for the Lunar New Year.
Source: CTVNews - 🏆 1. / 99 Read more »

Asian stocks follow Wall Street higher with China, Korea closedStock prices in Tokyo and Sydney followed Wall Street higher Wednesday while China, South Korea and Southeast Asian markets were closed for the Lunar New Year.
Source: CTVNews - 🏆 1. / 99 Read more »