Asian Stocks to Get Boost From Bullish Wall Street: Markets Wrap

-- Asian stocks are set to gain Tuesday, led by Japan’s benchmark, following a buoyant session on Wall Street where the S&P 500 advanced for an eighth straight day — the longest winning streak this year.Tokyo equity futures climbed more than 1.5%, with smaller increases in Hong Kong and Sydney.

Stock volume has been trending lower since the trading surge during the early-August selloff as traders are reluctant to place big bets ahead of the Fed’s Jackson Hole economic symposium this week. About 10 billion shares changed hands on exchanges Monday, 14% below the one-month average. “Stocks just need a nod that growth is going to be supported,” Kwon said. “While our view is that risk is to the upside, we do not believe that Jackson Hole will spur the large equity moves that it has in the past when the Fed used it as forum to telegraph upcoming policy decisions.”

“While upside appears to be more muted than when we adopted this stance earlier this year, there remains material upside,” the team led by Andrew Tyler wrote.Advanced Micro Devices Inc. agreed to buy server maker ZT Systems in a cash and stock transaction valued at $4.9 billion, adding data center technology that will bolster its efforts to challenge Nvidia Corp.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks are mixed after Wall Street's best week of the yearAsian stocks were mixed Monday as investors ponder the upcoming meeting of the Federal Reserve, following Wall Street's best week since November with a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Japan stocks lift Asian market higher after US retail data boosts Wall StreetJapanese stocks led the gains in Asian markets Friday after Wall Street rallied to one of its best days of the year as data showed the U.S. economy is...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Edge Higher as CPI Calms Wall Street: Markets Wrap(Bloomberg) -- Asian equities rose early Thursday after in-line US inflation data calmed market jitters on Wall Street as traders prepared for Federal...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economyAsian stocks were higher Friday after U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian shares slip after decline on Wall Street led by falling tech stocksTOKYO (AP) — Asian shares dropped early Thursday morning trading after declines on Wall Street, as the gyrations that recently slammed global markets haunted...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »