Shares were mostly higher Monday in Asia, with Japan’s Nikkei 225 leading advances after stocks rose on Wall Street. Oil prices rose and U.S. futures were little changed.
Market Updates
In Tokyo, the benchmark Nikkei 225 jumped 2.1% to 66,970.22, pulled higher by strong gains for technology companies. Computer chip equipment maker Tokyo Electron climbed 4.1%, while chip testing device maker Advantest rose 6.4%.
In South Korea, the gains were more modest, as the Kospi added 0.7% to 6,299.66 as shares in major chipmakers slipped. Samsung Electronics lost 0.4%, while its smaller rival, memory chipmaker SK Hynix, lost 0.1%.
Hong Kong’s Hang Seng gained 0.9% to 25,904.94, while the Shanghai Composite index picked up 0.7% to 3,966.59. In Australia, the S&P/ASX 200 lost 0.3% to 9,232.60.
Taiwan’s Taiex surged 1.6% and the Sensex in India was up 0.2%. Oil prices rose after Israel rejected a deal announced by U.S. President Donald Trump for Gaza.
Brent crude, the international standard, gained 0.6% to $84.01 per barrel. U.S. benchmark crude advanced 0.3% to $78.46 per barrel.
US Market
On Friday, U.S. stocks rose and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month. A weaker jobs market raised hopes the Federal Reserve might wait longer before raising interest rates to fight inflation.
The S&P 500 rose 0.6% to 7,757.64, topping an all-time high. The Dow Jones Industrial Average rose 0.3% to 54,036.93, just short of the record it set on Wednesday. The Nasdaq composite rose 1.3% to 26,690.62.
Original reporting: Alexandria, VA News – WTOP News — read the source article.
