Stock market today: Asian shares mostly higher, though China benchmarks falter
Asian markets are mostly higher, although Chinese shares faltered
Asian markets were mostly higher Tuesday after another day of gains on Wall Street, although Chinese shares faltered.
U.S. futures and oil prices edged higher.
Tokyo's Nikkei 225, reopening after a national holiday, jumped 1.5% to 38,784.91 and the Kospi in South Korea surged 1.9% to 2,728.05.
Hong Kong's Hang Seng shed 0.9% to 18,420.38 and the Shanghai Composite index edged 0.1% lower, to 3,136.62. Data on travel, retail spending and home sales during the weeklong Golden Week holidays showed persisting weakness in the economy.
Australia's S&P/ASX 200 advanced 0.7% to 7,739.00 ahead of a central bank decision on interest rates.
Taiwan's Taiex was up 0.3%, while India's Sensex was nearly flat as the country began the third phase of its weeks' long national elections process.
On Monday, the S&P 500 rose 1% to 5,180.74. The Dow Jones Industrial Average added 0.5% to 38,852.27, and the Nasdaq composite jumped 1.2% to 16,349.25.
Tech stocks were at the forefront, with familiar ringleaders Nvidia and Super Micro Computer again pulling the market higher. They’ve had a couple hiccups recently, but a frenzy around artificial-intelligence technology has Nvidia up 86.1% for the year so far after Monday’s 3.8% gain. Super Micro is up 192.1% after its gain of 6.1%.
Berkshire Hathaway added 1% after Warren Buffett’s company reported its latest quarterly results over the weekend.
It helped to offset a 9.7% slide for Spirit Airlines, which reported a slightly worse loss than expected. The carrier said it’s facing increased competition in many of its markets, particularly between the United States and Latin America.
Apple slipped 0.9% after Berkshire Hathaway
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