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Asian Shares Surge Following Wall Street Rebound: Key Gains in Global Stock Markets
The post Asian Shares Surge Following Wall Street Rebound: Key Gains in Global Stock Markets appeared on BitcoinEthereumNews.com. Asian shares were mostly higher on Monday after U.S. stocks bounced back from Wall Street’s worst day since April to finish higher for the week. U.S. futures slipped while oil prices advanced. “The robust global semiconductor cycle is positive for Taiwan’s growth outlook,” Raymond Yeung and Bansi Madhavani of ANZ wrote in a research note. Asian shares rise as U.S. stocks rebound, with semiconductor sector leading gains. Asian Markets Show Resilience Amid U.S. Stock Rebound Asian shares demonstrated resilience on Monday, with significant gains observed across major indices. Tokyo’s Nikkei 225 added 0.3% to 38,758.96, while the Kospi in Seoul jumped 0.7% to 2,705.87. Australia’s S&P/ASX 200 surged 0.7% to 2,705.87, and the Shanghai Composite index gained 0.3% to 3,097.86, buoyed by a 4.3% year-on-year increase in corporate profits reported by the government. However, Hong Kong’s Hang Seng slipped 0.2% to 18,576.65. Semiconductor Sector Drives Taiwan’s Market Surge Taiwan led the advance in Asian markets, with heavy buying of computer chip-related shares pushing the Taiex up 1.3% to a fresh record. MediaTek, a semiconductor company specializing in chips for wireless communications, high-definition television, and handheld mobile devices, saw an impressive 8.4% jump. Taiwan Semiconductor Manufacturing Corp. also logged a more modest 0.5% gain. Analysts from ANZ highlighted the positive impact of the robust global semiconductor cycle on Taiwan’s growth outlook, driven by breakthroughs in artificial intelligence applications, cloud computing, and 5G telecommunications technology. U.S. Stock Market Recap: Gains Amid Volatility On Friday, the S&P 500 gained 0.7% to 5,304.72, recovering all its losses from the prior two days and extending its weekly winning streak to five. The Dow Jones Industrial Average rose less than 0.1% to 39,069.59, and the Nasdaq composite gained 1.1% to 16,920.79, topping an all-time high set earlier in the week. Nvidia continued its upward trajectory, rising…
The post Asian Shares Surge Following Wall Street Rebound: Key Gains in Global Stock Markets appeared on BitcoinEthereumNews.com.
Asian shares were mostly higher on Monday after U.S. stocks bounced back from Wall Street’s worst day since April to finish higher for the week. U.S. futures slipped while oil prices advanced. “The robust global semiconductor cycle is positive for Taiwan’s growth outlook,” Raymond Yeung and Bansi Madhavani of ANZ wrote in a research note. Asian shares rise as U.S. stocks rebound, with semiconductor sector leading gains. Asian Markets Show Resilience Amid U.S. Stock Rebound Asian shares demonstrated resilience on Monday, with significant gains observed across major indices. Tokyo’s Nikkei 225 added 0.3% to 38,758.96, while the Kospi in Seoul jumped 0.7% to 2,705.87. Australia’s S&P/ASX 200 surged 0.7% to 2,705.87, and the Shanghai Composite index gained 0.3% to 3,097.86, buoyed by a 4.3% year-on-year increase in corporate profits reported by the government. However, Hong Kong’s Hang Seng slipped 0.2% to 18,576.65. Semiconductor Sector Drives Taiwan’s Market Surge Taiwan led the advance in Asian markets, with heavy buying of computer chip-related shares pushing the Taiex up 1.3% to a fresh record. MediaTek, a semiconductor company specializing in chips for wireless communications, high-definition television, and handheld mobile devices, saw an impressive 8.4% jump. Taiwan Semiconductor Manufacturing Corp. also logged a more modest 0.5% gain. Analysts from ANZ highlighted the positive impact of the robust global semiconductor cycle on Taiwan’s growth outlook, driven by breakthroughs in artificial intelligence applications, cloud computing, and 5G telecommunications technology. U.S. Stock Market Recap: Gains Amid Volatility On Friday, the S&P 500 gained 0.7% to 5,304.72, recovering all its losses from the prior two days and extending its weekly winning streak to five. The Dow Jones Industrial Average rose less than 0.1% to 39,069.59, and the Nasdaq composite gained 1.1% to 16,920.79, topping an all-time high set earlier in the week. Nvidia continued its upward trajectory, rising…
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