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Asian Markets Rise After Wall Street’s Latest Rally

Asian markets mostly gained in early trading Thursday, after tech stocks led a rally on Wall Street.

Japan’s Nikkei 225 rose 1.9% while Hong Kong’s Hang Seng index slipped 0.1%. The Shanghai Composite was about flat, as was the smaller-cap Shenzhen Composite. South Korea’s Kospi rose 0.7% and benchmark indexes in Taiwan, Singapore and Indonesia were mostly higher. Australia’s S&P/ASX 200 fell 0.7%.

On Wednesday, tech shares resumed their rally in the U.S. The Dow Jones Industrial Average rose 289.93 points, or 1.1%, to close at 27,976.84. The S&P 500 added 44.66 points, or 1.4%, finishing at 3,380.35, after briefly trading above its all-time closing high of 3,386.15 set Feb. 19. The Nasdaq Composite climbed 229.42 points, or 2.1%, to close at 11,012.24.

Source: Marketwatch


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