Asian Shares Trade Mixed as Nikkei Tops 65,000 on Wall Street Tech Rally
Updated
Updated · Yahoo Finance · Sep 4
Asian Shares Trade Mixed as Nikkei Tops 65,000 on Wall Street Tech Rally
3 articles · Updated · Yahoo Finance · Sep 4
Summary
Japan’s Nikkei 225 closed up 1.3% at 65,020.94, while South Korea’s Kospi gained 1.7% and Hong Kong’s Hang Seng rose 1.8%; Australia slipped 0.2% and Shanghai lost 0.5%.
Wall Street set the tone overnight, with the S&P 500 up 1.1%, the Dow 1.2% and the Nasdaq 1.4% as bond yields eased and heavyweight tech stocks rallied.
Nvidia rose 1.8% after announcing a $13 billion deal for AI platform Hugging Face, while Microsoft, Apple and Meta also advanced, reinforcing the tech-led lift in sentiment.
The 10-year Treasury yield fell to 4.77% from 4.79%, and investors read Fed Governor Christopher Waller’s comments as lowering the odds of a rate hike at the next meeting if inflation cools.
Oil stayed elevated despite little change—U.S. crude at $91.51 and Brent at $95.50—as the six-month U.S.-Iran war and threats around the Strait of Hormuz kept pressure on energy markets.