Asian markets forged higher Tuesday after another day of gains on Wall Street led by technology stocks.
U.S. futures were nearly flat and oil prices edged higher.
Tokyo’s Nikkei 225, reopening after a national holiday, jumped 1.6% to 38,835.10. The advance was led by semiconductor companies like Tokyo Electron, which closed 4.8% higher, and Advantest, which picked up 2.2%.
The Kospi in South Korea surged 2.1% to 2,731.83, helped by big tech companies like Samsung Electronics, which racked up a 4.5% gain, and smaller rival SK Hynix, which added 3.7%.
Hong Kong’s Hang Seng shed 0.5% to 18,470.90. But the Shanghai Composite index recovered from early losses, gaining 0.3% to 3,148.56.
Australia’s S&P/ASX 200 advanced 1.3% to 7,781.70 after the central bank decided to keep interest rates unchanged at 4.35%.
While the Reserve Bank of Australia has likely set the bar high for any rate hikes, it “will probably need to see several more months of soft data before it is confident that it can loosen policy settings. All told, rate cuts will likely take longer to materialize than most are anticipating,” Abhijit Surya of Capital Economics said in a commentary.
Vietnam celebrates 70 years since Dien Bien Phu battle that ended French colonial rule
Nine unforgettable moments from the Hangzhou Asian Para Games
Shen Meets ACWF's Executive Committee Members, Specially Invited Delegates from Hong Kong, Macao
Modern agricultural technologies aid sugarcane planting in south China
76ers president Daryl Morey has big plans to build NBA title team around Embiid and Maxey
Shen Yueyue Inspects Northwest China's Qinghai Province
China's Domestic Tourism Revenue to Near 600 Bln USD in 2022: Expert
Shen Yueyue Stresses Promoting High
Kaia Gerber flashes her bra in a sheer black mesh top with maxi coat as she heads out in New York
Huang Delivers Virtual Speech at G20 Ministerial Conference on Women's Empowerment
What's making me bruise so easily from the slightest knock? ASK DR MARTIN SCURR
Shen Addresses via Video Link at Fourth SCO Women's Forum