Stock market today: Asian shares rise, cheered by last week's tech rally on Wall Street
TOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.
Sydney’s S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea’s Kospi surged nearly 1.0% to 2,681.73. Hong Kong’s Hang Seng jumped 1.2% to 17,859.39, while the Shanghai Composite rose 0.6% to 17,859.39.
Trading was closed in Tokyo for a Japanese national holiday, Showa Day. Japan has a series of holidays coming up known as the Golden Week, through Monday.
Stephen Innes, managing partner at SPI Asset Management, said the market mood was positive after last week’s Wall Street tech-driven rally.
The recent string of strong earnings have boosted market sentiments, but what could be a risk factor is the declining Japanese yen, he added.
Related articles
Georgia Republicans choose Amy Kremer, organizer of pro
COLUMBUS, Ga. (AP) — Georgia Republicans on Saturday elected to the Republican National Committee a2024-05-21Explainer: What do new productive forces mean?
BEIJING, Feb. 21 (Xinhua) -- Ever since Chinese President Xi Jinping introduced the term "new produc2024-05-21Soar, slide, splash? It’s skiers’ choice as spring’s wacky pond skimming tradition returns
GILFORD, N.H. (AP) — A costumed skier races down a slope, hits a pond and hydroplanes halfway across2024-05-21Africa Energy Indaba highlights prospects of South Africa
CAPE TOWN, March 6 (Xinhua) -- The ongoing Africa Energy Indaba 2024 in Cape Town, the legislative c2024-05-21Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
NEW YORK (AP) — Donald Trump said Friday his campaign has accepted an invitation from Fox News for h2024-05-21- The lead prosecutor in OJ Simpson's murder trial has been seen for the first time since the NFL star2024-05-21
atest comment