Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 8
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Stock Market»Stock market today: Asian shares rise after Wall Street rally, and China promises a briefing
    Stock Market

    Stock market today: Asian shares rise after Wall Street rally, and China promises a briefing

    October 10, 20244 Mins Read


    Evening Headlines

    The latest headlines from our reporters across the US sent straight to your inbox each weekday

    Your briefing on the latest headlines from across the US

    Asian shares mostly rose Thursday, as market optimism got a perk from the record highs set on Wall Street.

    Japan’s benchmark Nikkei 225 edged up 0.4% in morning trading to 39,439.50. Australia’s S&P/ASX 200 rose 0.6% to 8,239.10. South Korea’s Kospi added 0.3% to 2,601.66.

    Hong Kong’s Hang Seng jumped 2.4% to 21,127.55, after a previous day of wild swings. Earlier in the week, the index dropped more than 9%, recording its worst loss since the global financial crisis of 2008. The Shanghai Composite surged 2.0% to 3,324.61.

    After surging on hopes for stimulus to prop up the world’s second-largest economy, Chinese stocks slumped earlier this week on disappointment that more isn’t on the way. One plus was the announcement from China’s Finance Ministry it will hold a briefing Saturday that could provide details on planned government moves.

    “There’s still a glimmer of hope that Beijing might swoop in with a fiscal stimulus lifeline in October to reignite growth. In short, the market is hanging in the balance, waiting for the next big move,” said Stephen Innes, managing partner at SPI Asset Management.

    On Wall Street, the S&P 500 rose 0.7% to top the all-time high it had set last week. The Dow Jones Industrial Average climbed 431 points, or 1%, to hit its own record, while the Nasdaq composite gained 0.6%.

    Leading the way were cruise-ship companies, whose customers stand to benefit from the surprisingly strong U.S. job market. Norwegian Cruise Line steamed 10.9% higher after analysts at Citi upgraded its stock and said data suggests growth for the cruise industry “has real legs” into 2025 and beyond. Carnival rose 7%, and Royal Caribbean Group gained 5.3%.

    KinderCare Learning rose 8.9% in its debut on the New York Stock Exchange. It has over 2,400 early childhood education centers and before- and after-school sites across the country for kids aged between six weeks and 12 years.

    They helped offset a 3.4% slump for Boeing. The aerospace giant withdrew a contract offer that would have given striking workers 30% raises over four years following a break down in labor talks.

    Alphabet also kept the market’s gains in check after the heavyweight stock sank 1.5%. The U.S. Department of Justice is considering asking a federal judge to break up its Google business after its search engine was declared an illegal monopoly. A breakup is one of many possible remedies under review.

    All told, the S&P 500 rose 40.91 points to 5,792.04. The Dow jumped 431.63 to 42,512.00, and the Nasdaq composite gained 108.70 to 18,291.62.

    In the oil market, a barrel of Brent crude, the international standard, recovered to rise 34 cents to $73.58 a barrel. It briefly topped $81 early this week. Benchmark U.S. crude gained 34 cents to $76.92 per barrel.

    Earlier leaps for oil driven by worries about worsening tensions in the Middle East had helped drag the S&P 500 on Monday to its worst loss in a month.

    In the bond market, the yield on the 10-year Treasury rose to 4.07% from 4.01% late Tuesday.

    Treasury yields have swung recently, first sharply downward through the spring and summer and then turning upward in the last week or so.

    They’ve followed traders’ expectations for what the Federal Reserve is likely to do with overnight interest rates. The central bank has just begun cutting interest rates from a two-decade high, as it widens its focus to include keeping the economy humming instead of just fighting high inflation.

    That caused the sharp easing of rates through the summer, but recent reports have shown the U.S. economy remains stronger than expected.

    In currency trading, the U.S. dollar inched down to 149.15 Japanese yen from 149.16 yen. The euro cost $1.0943, up from $1.0945.

    ___

    AP Business Writer Stan Choe contributed.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWas bitcoin’s mysterious creator a Canadian? A new HBO documentary says yes (maybe)
    Next Article Asia stocks edge higher with CPI in focus; China volatile amid stimulus talk By Investing.com

    Related Posts

    Stock Market

    Stock market trades higher ahead of India-US trade deal

    July 7, 2025
    Stock Market

    Stock Market Today: Dow Sinks 500 Points; Trump Announces 25% Tariffs on Japan, South Korea — Live Updates – WSJ

    July 7, 2025
    Stock Market

    US Stock Markets Live: Dow Jones, Nasdaq, and S&P 500 decline in today’s session

    July 7, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Crowdstrike shares plunge, but stocks shrug off outage to resume drop

    July 19, 2024
    Bitcoin

    le Bitcoin approche les 100 000 $, Trump évoque un « gros » accord commercial

    May 7, 2025
    Finance

    Golconda Gold Ltd. Releases Financial and Operating Results for Q2 2024

    August 26, 2024
    What's Hot

    Prime London sales up but lettings market tough – Mortgage Finance Gazette

    April 24, 2025

    Une réserve stratégique en Bitcoin pourrait voir le jour avant le printemps

    February 19, 2025

    le financement public du vaccin anti-grippe aviaire compromis

    February 27, 2025
    Most Popular

    China News Live: Bureaucratic red tape amplifies disruptions from China’s rare earth export curbs, industry says

    July 3, 2025

    Recherche scientifique / Le FONSTI finance 12 projets à hauteur de 540 millions de FCFA

    March 7, 2025

    Des milliards d’achats d’entreprise ne peuvent pas bouger le bitcoin – 5 raisons pour lesquelles le prix de la BTC ne bougera pas

    June 28, 2025
    Editor's Picks

    3 Things Every Nvidia Investor Must Know

    July 20, 2024

    derivatives giant faces new competition By Investing.com

    October 24, 2024

    Bitcoin (BTC) Price Tops $66K Amid Global CrowdStrike Outage; Solana (SOL) Hits $170

    July 19, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.