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Stock market today: Japan's Nikkei 225 index logs record close, as markets track rally on Wall St

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Inflation,Japan,General News

Asian shares are trading mostly higher after Wall Street benchmarks reached more milestones. Japan's benchmark Nikkei 225 jumped 2% to finish at another record high. Shares also rose in Sydney, Seoul, Hong Kong and Shanghai. On Monday, stocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records.

A currency trader passes by the screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, July 9, 2024. A currency trader watches monitors near the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, July 9, 2024.

Australia’s S&P/ASX 200 gained 0.9% to 7,829.70. South Korea’s Kospi edged up 0.3% to 2,864.85. Hong Kong’s Hang Seng index added 0.3% to 17,577.60, while the Shanghai Composite surged 1.3% to 2,959.74. Gains in tech stocks, including several chipmakers, tempered declines in communication services, energy and other sectors of the S&P 500. Nvidia rose 1.9%, Broadcom added 2.5% and Advanced Micro Devices finished with a 3.9% gain.

JPMorgan, Citigroup and Wells Fargo will report results on Friday. The latest updates for banks could give Wall Street a clearer picture on how consumers are handling increased debt and whether banks are worried about payments and potential delinquencies. The central bank will get more updates on inflation at the consumer level on Thursday. Wall Street expects the latest government report to show inflation easing to 3.1% in June from 3.3% in May.

 

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Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher.
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Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher.
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Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher. Shares fell in Chinese markets, while U.S. futures edged higher. Oil prices fell. On Wednesday, U.S.
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