Stock market today: Asian shares gain despite Wall Street's tech
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%.