Stock market today: Asian markets surge higher after Wall Street takes a breather

The rally in Asia followed an announcement that the Chinese government plans to give cash handouts or discount vouchers to the poor ahead of next week's National Day holidays. While subsidies to ordinary people are uncommon, the ruling Communist Party sometimes marks special occasions with payments to families in difficulty.

Hong Kong's Hang Seng climbed 1.7% to 19,461.25 and the Shanghai Composite index added 0.6% to 2,914.19.South Korea's Kospi jumped 2.1%, to 2,649.51, after semiconductor maker SK Hynix launched production of a new memory chip for artificial intelligence. SK Hynix shares jumped 8.8%.The Dow Jones Industrial Average dropped 0.7% to 41,914.75 after likewise setting a record the day before. The Nasdaq composite edged up by less than 0.1%, to 18,082.21.on confidence among U.S. consumers.

In other dealings early Thursday, benchmark U.S. crude oil picked up 6 cents to $69.75 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, was up 14 cents at $73.04 per barrel. Two days after the verdict and sentencing, Denver7 met with DA Michael Dougherty, lead prosecutor, and Sarah Cantu, lead investigator, to reflect on both the trial and the years leading up to it.More than 2,000 Wisconsin voters receive duplicate absentee ballots

LOS ANGELES, September 26, 2024--Faraday Future Intelligent Electric Inc. , a California-based global shared intelligent electric mobility ecosystem company, today announced personnel changes to help further the Company’s short- and long-term business goals. On September 17, 2024, the Board of Directors of the Company appointed Koti Meka as the Company’s Chief Financial Officer and principal financial officer, effective September 23, 2024.

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