opinions

Stock market today: Asian stocks track Wall Street gains ahead of earnings reports

Font size+Author:Stellar Stories news portalSource:style2024-05-22 02:12:15I want to comment(0)

HONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a c

HONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before.

U.S. futures were mixed and oil prices rose.

Japan’s benchmark Nikkei 225 rose 0.3% to 37,552.16, despite the country’s manufacturing activity contracting for 11 straight months while approaching the break-even point in April.

A purchasing managers survey showed sentiment at 49.9, on a scale of up to 100 where 50 marks the break between expansion and contraction The yen weakened further, hitting a fresh 34-year low of 154.85 early Tuesday.

The Hang Seng in Hong Kong added 1.6% to 16,771.17 while the Shanghai Composite index slipped 0.8% to 3,019.64.

Australia’s S&P/ASX 200 climbed 0.4% to 7,683.50. South Korea’s Kospi dropped 0.2% to 2,624.73.

On Monday, the S&P 500 gained 0.5% to 5,010.60 to recover more than a quarter of last week’s rout. The Dow Jones Industrial Average added 0.7% to 38,239.98, and the Nasdaq composite jumped 1.1% to 15,451.31.

Related articles
  • Trump film shocks Cannes as former US President is depicted 'raping' his then

    Trump film shocks Cannes as former US President is depicted 'raping' his then

    2024-05-22 00:20

  • Autumn scenery at Pofengling Scenic Area in Beijing

    Autumn scenery at Pofengling Scenic Area in Beijing

    2024-05-22 00:11

  • Palace Museum announces gradual reopening plan

    Palace Museum announces gradual reopening plan

    2024-05-21 23:46

  • Peach flowers in full blossom at Mutianyu Great Wall

    Peach flowers in full blossom at Mutianyu Great Wall

    2024-05-21 23:39

Netizen comments