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Stock market today: Asian shares gain despite Wall Street's tech
Cosmic Chronicle news portal2024-05-08 21:31:38【style】3People have gathered around
IntroductionAsian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the
Asian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500’s worse losing streak since the start of the year.
U.S. futures were lower, while oil prices gained.
Tokyo’s Nikkei 225 climbed 0.3% to 38,079.70 and the Hang Seng in Hong Kong gained 1.3% to 16,468.07.
The Shanghai Composite index added 0.6% to 3,089.02.
South Korea’s Kospi led the region’s gains, surging 2.2% to 2,642.02.
In Australia, the S&P/ASX 500 rose 0.4% to 7,638.10.
On Wednesday, the S&P 500 lost 0.6%, to 5,022.21. It’s down 4.4% since setting a record late last month.
The Dow Jones Industrial Average slipped 0.1% to 37,753.31, and the Nasdaq composite sank 1.1% to 15,683.37.
Tech stocks slumped after ASML, a Dutch company that’s a major supplier to the semiconductor industry, reported weaker orders for the start of 2024 than analysts expected. Its stock trading in the United States slumped 7.1%.
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