Asian shares inched up on Wednesday following buoyant manufacturing indicators from the United States and elsewhere and a rally in U.S. tech shares, with investors also expecting more policy support from Washington.
On Wall Street, both the S&P 500 and Nasdaq boasted record closing highs, with the technology sector leading the charge. Euro zone manufacturing activity also grew last month to stay on a path toward recovery, though factory managers remained wary about investing and hiring more workers. White House chief of staff Mark Meadows said Senate Republicans are likely to bring up a targeted COVID-19 relief bill next week.
"We are entering the second stage of central bank-financed government stimulus," said Hiroshi Watanabe, senior economist at Sony Financial Holdings.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks edge lower after Wall Street dips in month-end tradeAsian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tech stocks fuel Wall Street rally as factory activity expandsWall Street climbed on Tuesday as gains in Apple and Zoom Video shares propelled the tech-heavy Nasdaq to record highs, while better-than-expected ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tokyo: Stocks open lower on strong yen[TOKYO] Tokyo stocks opened lower on Tuesday on a strong yen against the dollar, with investors digesting Prime Minister Shinzo Abe's plan to resign and the race to succeed him. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stocks of TikTok US suitors hit by fears of China blockShares of TikTok U.S. suitors Microsoft Corp, Oracle Corp and Walmart Inc fell on Monday after China's move to restrict some technology exports ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong: Stocks fall as financial, consumer firms retreat[HONG KONG] Hong Kong stocks reversed earlier gains to end lower on Monday, weighed down by financial and consumer staples firms. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Seoul: Stocks close over 1% lower on record selling by foreigners[SEOUL] South Korean shares closed more than 1 per cent lower on Monday, erasing previous session's gains, on a huge foreign sell-off due to economic concerns in the backdrop of downbeat July factory data and tougher coronavirus-led social distancing measures. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »