Asian stocks rise after a rally on Wall Street, while oil prices edge higher
HONG KONG (AP) — Asian shares were mostly higher Wednesday after AI stocks drove gains on Wall Street.U.S. futures edged lower and oil prices rose.In early trading, South Korea's Kospi was up 5.6 Asian shares rose following a rally on Wall Street, largely driven by AI stocks. South Korea's Kospi was up 5.6% and rose to its highest level in two weeks after SK Hynix reported a record-high operating profit of 83.3 trillion won ($62.8 billion) for the last quarter, up nearly seven-fold from a year earlier. Samsung Electronics also surged 8.5%. Japan's benchmark Nikkei 225 rallied 1.3% and Kioxia Holdings climbed 9.6%. The Reserve Bank of New Zealand kept its benchmark interest rate at 2.75%. The S&P 500 rose 0.6%, pulling within 1.2% of its all-time high set earlier this month. The Dow Jones Industrial Average added less than 0.1%, and the Nasdaq composite climbed 1. 2%.
Published : 5 hours ago by jlaur in Business Finance Tech
HONG KONG (AP) — Asian shares were mostly higher Wednesday after AI stocks drove gains on Wall Street.
In early trading, South Korea’s Kospi was up 5.6% at 5,952.41.
Memory chipmaker SK Hynix jumped... [3207 symbols]
Topics: Markets, Oil & Gas, Asian, Energy Sector, Oil Sector
