Stock market today: Asian shares mostly gain after Trump picks billionaire for Treasury post

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Shares are mostly higher in Asia, tracking last week's gains on Wall Street.

Read full article: Krampus parade to haunt downtown San Antonio in DecemberVoluntary weapons exchange draws hundreds of Bexar County residents to AlamodomeMake household chores easier and more with these Insider DealsA currency trader walks near the screens showing the Korea Composite Stock Price Index , left, the foreign exchange rate between U.S.

A currency trader talks on the phone near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Monday, Nov. 25, 2024. China’s central bank kept the interest rate on the one-year medium-term lending facility unchanged at 2%. The S&P 500 rose 0.3%, to 5,969.34 while the Nasdaq composite rose 0.2% to 19,003.65. The Russell 2000 index rose 1.8%.choices to head Treasury and other key positions that influence economic and financial policies were among the factors overhanging investor sentiment.

But he said attention this week would likely focus more on the inflation data and what they might mean for interest rates, as the Fed holds its next policy meeting.

 

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Stock market today: Asian shares mostly gain after Trump picks billionaire for Treasury postShares are mostly higher in Asia, tracking last week's gains on Wall Street. Analysts said investors were viewing President-elect Donald Trump's choice of billionaire investor Scott Bessent as his nominee for Treasury secretary as a relatively market-friendly choice. Shares in China were lower and bitcoin fell slightly.
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