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Japan’s benchmark Nikkei 225 soared in early trading, adding 2.8% to 36,605.62, although the sharp gains were partly a reflection of earlier sharp drops.The cheap yen was a boon for some issues, as it boosts the value of overseas earnings when converted into yen.In currency trading, the U.S. dollar rose to 142.53 Japanese yen from 142.28. The euro cost $1.1016, inching down from $1.1017.
In the rest of the region, Australia’s S&P/ASX 200 rose 0.7% to 8,041.10. Hong Kong’s Hang Seng jumped 1.0% to 17,283.46, while the Shanghai Composite was little changed at 2,720.40. The data seemed to confirm the U.S. Federal Reserve will likely cut its main interest rate at its meeting next week, which would be the first such cut in more than four years. A worry is that it may prove too late, with U.S. shoppers already struggling under the weight of high prices.
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مصدر: AP - 🏆 728. / 51 اقرأ أكثر »
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مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »
Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideAsian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies. Benchmarks rose in early Thursday trading in Tokyo, Sydney, Seoul, Hong Kong and Shanghai. Japanese exporter shares like Toyota and Nintendo jumped on the back of a relatively cheap yen. The U.S.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »
Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
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