Asian shares mostly rise, cheered by a US rally and easing oil prices – WTOP News
- Asian shares mostly rose in early Friday trading, with Japan's Nikkei gaining 0.8%, South Korea's Kospi jumping 2.1%, and Hong Kong's Hang Seng and Shanghai Composite each adding 0.8%.
- Wall Street reversed recent losses as Brent crude oil slid from nearly $110 a barrel earlier in the week and the Treasury yield fell to 4.93% from 5.01% late Wednesday, easing bond market pressure.
- Stocks jumped 1.1% in their second rise in the last nine days, while The Dow Jones Industrial Average added 0.6% and the Nasdaq climbed 1.7% following the Federal Reserve's recent interest rate announcement.
- Bank officials in Japan concluded a two-day monetary policy meeting on Friday to decide interest rates, while international benchmark Brent traded down 0.68% to $104.11 per barrel in Asian trading.
- Officials signaled they may raise the federal funds rate one more time this year as the Fed remains committed to reaching its 2% inflation target, though higher rates have previously undercut stock prices.
33 Articles
33 Articles
The Asian Bags are starting to close the session up, with Tokyo closed for festivities. A week after the Fed's decision, the attention of the markets focuses on the talks between the US and China in view of the meeting between Donald Trump and Xi Jinping. (ANSA)
Asia stocks rise on AI, US-China trade talks optimism
Global stocks had finished last week mixed as central banks made moves to curb inflation, including the US Federal Reserve's decision on Wednesday to lift interest rates. US and Chinese economic officials met on Sunday for closely watched talks on trade and AI, ahead of a planned summit on Thursday with US President Donald Trump and Chinese President Xi Jinping in Washington. US Treasury Secretary Scott Bessent said that following lengthy conver…
Tech leads shares higher in Asia, oil eases - Regional Media News
By Wayne Cole SYDNEY, Sept 21 (Reuters) - Share markets edged higher in Asia on Monday as AI's insatiable demand for data buoyed chipmakers, and oil eased as hopes Saudi Arabia could boost supplies offset news of a Houthi attack on Riyadh. Trade was thin [...]
Channel News Asia
Tech leads shares higher in Asia, oil eases
SYDNEY, Sept 21 : Share markets edged higher in Asia on Monday as AI's insatiable demand for data buoyed chipmakers, and oil eased as hopes Saudi Arabia could boost supplies offset news of a Houthi attack on Riyadh.Trade was thin with Japan on its Silver Week holiday through to Wednesday, leaving the dollar s
The Asian stock exchanges closed mostly high this Friday, driven by a rally on Wall Street and by the fall in oil prices. Exclusive material for subscribers. To have full access, access the link of the material and make your registration.
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