US EditionAsian Shares Track Rally on Wall Street that Won Back Most of Friday’s Wipeout
ASIA, AUG 5 – Asian shares rose between 0.3% and 1.4% after Wall Street gains fueled by strong U.S. corporate earnings and expectations of a Federal Reserve interest rate cut.
- On Tuesday, Asian shares advanced, with Australia’s S&P/ASX 200 rising 1.1% to 8,759.90 and South Korea’s Kospi jumping 1.4% to 3,192.57.
- Amid hopes for Federal Reserve rate cuts after a weak jobs report Friday, stronger earnings from U.S. companies support the market.
- Idexx Laboratories soared 27.5% after stronger spring profits, while Wayfair climbed 12.7% and Tesla rose 2.2% following a $29 billion stock award to Elon Musk.
- On Monday, the S&P 500 jumped 1.5% to 6,329.94, the Nasdaq composite leaped 2% to 21,053.58, and the Dow increased 1.3%, or 585.06 points, to 44,173.64.
- Persistent U.S. trade tensions left India’s Sensex lower, with a 0.5% decline as India defended its Russian oil purchases and Mizuho Bank highlighted tariff risks from the Trump administration.
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23 Articles
23 Articles
Follow here, minute by minute, the performance of the markets this Tuesday.
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Total News Sources23
Leaning Left6Leaning Right1Center12Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 32%
C 63%
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