Stock market today: Asian shares mostly gain after Wall St rallies to new records
abcnews.go.comShares are mostly higher in Asia after U.S. stocks rallied to more records, with gains for technology companies pushing the benchmarks higher
BANGKOK — Shares were mostly higher in Asia on Tuesday after U.S. stocks rallied to more records, with gains for technology companies pushing the benchmarks higher.
U.S. futures were flat and oil prices declined.
This week has few top-tier economic reports apart from an update Tuesday on how much American shoppers are spending at U.S. retailers and a preliminary look Friday at the state of U.S. business activity. U.S. markets will be closed Wednesday for the Juneteenth holiday.
Tokyo's Nikkei 225 index gained 1% to 38,482.11. Toyota Motor Corp., a market heavyweight, gained 0.5% after its shareholders rejected a proposal to force Akio Toyoda, grandson of the automaker's founder, to leave his post as chairman of the board.
Hong Kong's Hang Seng shed 0.1% to 17,913.34 and the Shanghai Composite index gained 0.4% to 3,028.34.
In South Korea, the Kospi advanced 0.7% to 2,763.92.
In Sydney, the S&P/ASX 200 jumped 1% to 7,778.10 after the Reserve Bank of Australia kept its key interest rate unchanged.
“While the Bank at its May meeting noted that inflation had fallen more gradually than expected, it today described it as ‘persistent,’ emphasizing that headline inflation as well as inflation excluding volatile items and travel had not fallen any further between April and December,” Capital Economics said in a commentary.
The central «bank noted that ‘momentum in economic activity is weak,’ with the statement citing slow GDP growth, a rise in the unemployment rate and slower-than-expected wages growth,'' it said.
India's Sensex rose 0.3% to 77,218.48.
On Monday, U.S. stocks rose to
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