A currency traders walks near the screen showing the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Wednesday, April 24, 2024. Currency traders work near the screen showing the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Wednesday, April 24, 2024. Currency traders work near the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S.
“Market participants will be closely monitoring updates for any indications of how the Bank of Japan might address foreign exchange pressures during this week’s policy meeting,” Anderson Alves of ActivTrades said in a commentary.The Hang Seng in Hong Kong added 2% to 17,158.55, while the Hang Seng Tech Index gained 3.1%. Chinese artificial intelligence company Sensetime Group’s shares surged 31.2% after it released the latest version of its SenseNova generative AI model on Tuesday.
On Tuesday, the S&P 500 climbed 1.2% to 5,070.55, pulling further out of the hole created by a six-dayA weaker-than-expected report on U.S. business activity helped support the market, which remains in an awkward phase. The hope on Wall Street is for the economy to avoid a severe recession, but not to stay so hot that it keeps upward pressure on inflation.
GE Aerospace flew 8.3% higher after it raised its profit forecast for the full year, in addition to beating expectations for first-quarter earnings.
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