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Asian Shares Advance, Tracking a Wall St Rally Led by Nvidia
Asian tech stocks surged following Wall Street's AI-led gains and strong U.S. housing, industrial, and durable goods data, despite concerns over Fed rate hikes and Middle East tensions.
- After Wall Street's 0.6% rise, Asian tech stocks led gains Thursday, with the S&P 500 up 0.6% and the Dow up 0.3%.
- Investors rotated into regional tech stocks after Wednesday's surge and US data showed officials want further inflation decline, as minutes indicated.
- Regional reopenings lifted several exchanges, with Seoul's Kospi jumping 2.8% to 5,661.22 on Lunar New Year, led by Samsung and SK hynix, while Tokyo's Nikkei 225 added 0.8% to 57,582.93.
- Stronger US reports lifted bond yields as the 10-year Treasury yield rose to 4.08% from 4.05% late Tuesday, reflecting market reactions to economic data.
- UN nuclear watchdog Rafael Grossi noted a `step forward` in Iran-US talks as oil stabilized after a >4% surge, amid geopolitical tensions, recently.
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43 Articles
43 Articles
Associated Press News+15 Reposted by 15 other sources
Asian shares advance, tracking a Wall St rally led by Nvidia
Asian shares are higher after U.S. stocks advanced, led by computer chip giant Nvidia. Markets in Greater China were closed for Lunar New Year holidays, while some others reopened for trading.
·United States
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The Killeen Daily Herald+26 Reposted by 26 other sources
Asian markets rally after Wall St tech-led gains
Tech firms led gains across Asian equities Thursday following a positive lead from Wall Street, where traders also welcomed strong US data that suggested the world's top economy remained in rude health.
Coverage Details
Total News Sources43
Leaning Left8Leaning Right4Center15Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 30%
C 55%
15%
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