Stock market today: Global shares mostly rise cheered by Wall Street finish

An employee of a bank stands near the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between the U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 4, 2024. Asian shares mostly rose Thursday after a firm finish on Wall Street, as expectations remained solid for U.S. interest rate cuts this year. – Global shares mostly rose Thursday amid expectations for more U.S. interest rate cuts this year.

Analysts say Taiwan Semiconductor Manufacturing Co’s facilities may get quicker-than-expected relief — easing concerns about production halts — after a powerful earthquake struck Wednesday, killing at least nine people. Trading was closed in Taiwan, as well as in China, for a national holiday. Share prices also got a lift from a recent report from Japan's major labor union Rengo, or Japanese Trade Union Confederation, that wage increases continued to be solid in this year's negotiations, averaging a rise of more than 5%, the highest in three decades.

A more comprehensive report on the job market for March will arrive from the U.S. government on Friday, and it will likely be the week’s headline economic data.

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