Stock market today: Asian shares are mostly higher after Wall Street rally caps a dismal week

Pickup truck driver killed by police after driving through busy mall store is identifiedTrump threatens to try to take back the Panama Canal. Panama's president balks at the suggestionHoliday lights illuminate the worldNASA's Parker Solar Probe aims to fly closer to the sun like never beforeFACT FOCUS: Inspector general’s Jan.

Honda Motor Co. and Nissan Motor Corp. were expected to hold a news conference later Monday as reports speculated on a possible merger between Japan’s second and third-largest automakers. Honda’s shares, which fell after news of the talks on a deal surfaced last week, were up 0.8%. Nissan’s, which had soared, fell 0.9%.

Elsewhere in Asia, Hong Kong’s Hang Seng gained 0.7% to 19,857.98, while the Shanghai Composite index edged 0.2% higher.South Korea’s Kospi added 1.5% to 2,440.62 and Taiwan’s Taiex jumped 2.5%., with TSMC, the world’s biggest computer chip maker, gaining 3.9%. Hon Hai Precision Industry, which reportedly has been maneuvering to buy a big stake in Nissan, jumped 3.8%.On Friday, the S&P 500 rallied 1.1%, closing at 5,930.85. The Dow Jones Industrial Average jumped 1.2% to 42,840.

The threat of higher inflation was one of the reasons Fed Chair Jerome Powell gave last week when the central bank hinted itthis year amid the widespread assumption the Fed would deliver a string of cuts to rates into 2025. Now traders are largely betting on one, two or perhaps even zero next year, according to data from CME Group.after running so high and that the market likely needed everything to go correctly to justify its stellar gains for the year.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Stock market today: Asian shares are mostly higher after Wall Street rally caps a dismal weekShares are mostly higher in Asia after U.S. stocks capped a mostly dismal week with a broad rally.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares advance, tracking rally on Wall StreetShares have advanced in Asia after Wall Street resumed its upward climb as an update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares are mostly higher after Wall Street rally caps a dismal weekShares are mostly higher in Asia after U.S. stocks capped a mostly dismal week with a broad rally.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares advance, tracking rally on Wall StreetShares have advanced in Asia after Wall Street resumed its upward climb as an update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares rise after tech stocks pull Wall Street to another recordAsian shares are mostly higher after technology stocks pulled Wall Street to another record finish. Benchmarks rose in Tuesday trading in Tokyo, Seoul, Sydney, Hong Kong and Shanghai. On Monday, the S&P 500 rose 0.2% after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares are mixed after Big Tech losses pull Wall Street lowerShares are mixed in Asia after losses for big technology stocks pulled major indexes lower on Wall Street. Tokyo advanced while markets in China declined. South Korea's central bank cut its benchmark interest rate to relieve pressure on the economy. On Wednesday, the S&P 500 fell 0.4% and the Dow Jones Industrial Average slipped 0.3%.
Source: AP - 🏆 728. / 51 Read more »