Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slide

TOKYO — Asian shares mostly rose on Thursday, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.

Shares in Nippon Steel Corp. were little changed after Keidanren, a group of Japan’s top businesses, expressed in a letter to U.S. Treasury Secretary Janet Yellen concerns about “political interference” in“America’s investment climate will be severely tarnished if such political interference prevails,” according to the letter, which was also signed by the U.S. Chamber of Commerce, Global Business Alliance, Alliance for Automotive Innovation and other groups.

On Wall Street, the S&P 500 rallied 1.1% after erasing a morning wipeout of 1.6%. A majority of the index’s stocks still finished lower for the day, but the performances by Nvidia and other tech stocks were enough to drive it to a third straight gain and back within 2% of its all-time high set in July.

Besides the 8.1% jump for Nvidia, gains of 2.8% for Amazon, 2.1% for Microsoft and 6.8% for Broadcom were the strongest forces lifting the S&P 500. In energy trading, benchmark U.S. crude gained 19 cents to $67.50 a barrel. Brent crude, the international standard added 26 cents to $70.87 a barrel.HANOI, Vietnam — Nearly 200 people have died in Vietnam in the aftermath of Typhoon Yagi and more than 125 are missing as flash floods and landslides take their toll, state media reported Thursday.

BOYNTON BEACH, Fla. — Florida Democrats made bold claims last week about their chances in a state that has steadily grown more conservative in recent years. But so far they have not matched their words with the kind of money it will take to win there.SAN FRANCISCO — Mike Yastrzemski homered and drove in four runs, Blake Snell struck out eight in five innings, and the San Francisco Giants beat the Milwaukee Brewers 13-2 on Wednesday night.

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