US EditionPublished • loading... • Updated
Asian shares climb after US stocks rise at the start of a holiday-shortened week
Asian markets rose following Wall Street gains as investors prepare for U.S. economic reports during a holiday-shortened week, with South Korea's Kospi up 0.3%, analysts said.
- On Tuesday, Asian shares were mostly higher after Wall Street benchmarks rose at the start of a holiday-shortened week, with the S&P 500 up 3.5%, and the Dow and Nasdaq each gaining 2.7%.
- Traders were positioning ahead of a packed U.S. data slate that includes the Conference Board consumer confidence survey, U.S. Labor Department weekly jobless claims, and the first of three U.S. GDP estimates, while Uber and Lyft plan robotaxi services in London next year.
- Regional indexes showed mixed moves across Asia as South Korea's Kospi added 0.3%, Australia's S&P/ASX 200 jumped 1.1%, while Hong Kong's Hang Seng fell 0.1% and Tokyo's Nikkei 225 slipped 0.1%.
- Gains pushed major indexes further into monthly winning territory as smaller company stocks outperformed with the Russell 2000 rising 1.2%, while Dominion Energy fell 3.7% after the administration paused offshore wind leases.
- Commodity moves and currency shifts added another layer of positioning, with gold rising nearly 1% and U.S. benchmark crude oil at $57.78 as the Fed's rate outlook remains uncertain.
Insights by Ground AI
Podcasts & Opinions
25 Articles
25 Articles
Associated Press News+23 Reposted by 23 other sources
Asian shares climb after US stocks rise at the start of a holiday-shortened week
Asian shares are mostly higher after benchmarks on Wall Street rose at the start of what’s expected to be a relatively calm holiday week.
·United States
Read Full ArticleCoverage Details
Total News Sources25
Leaning Left11Leaning Right2Center8Last UpdatedBias Distribution52% Left
Bias Distribution
- 52% of the sources lean Left
52% Left
L 52%
C 38%
Factuality
To view factuality data please Upgrade to Premium
