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.
For farmers, watching and waiting is a spring planting ritual. Climate change is adding to anxiety
South Dakota man sentenced to nearly 90 years in prison for his baby son's 2021 death
The US military will begin plans to withdraw troops from Niger
South Dakota man sentenced to nearly 90 years in prison for his baby son's 2021 death
College protests: Columbia University cancels main commencement
Councilwoman chosen as new Fort Wayne mayor, its 1st Black leader, in caucus to replace late mayor
The monkey gangs turning this Thai city into a real
Director Romeo Castellucci drops out of Brussels Ring Cycle halfway through because of money, time
Is this where Gillian Anderson keeps her X