Asian Markets Up As Wall St Logs New Record

Tokyo: Asian shares mostly rose Tuesday, after technology stocks pulled Wall Street to another record finish.The S&P-500 rose 0.2 per cent on Monday from the previous session’s all-time high to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%. Some analysts think Japanese issues could end up benefiting as a result of Donald Trump’s latest threat on tariffs on China and other nations. The president-elect on Saturday threatened 100 per cent tariffs against a group of developing economies, including China and Brazil, if they act to undermine the US dollar.

Japan’s benchmark Nikkei 225 jumped 1.8 per cent in morning trading to 39,215.99. Tokyo Electron issues surged 4.4 per cent. Australia’s S&P/ASX 200 gained 0.7% to 8,504.00. South Korea’s Kospi jumped 1.7 per cent to 2,495.80, after inflation data showed a rebound but remained low enough to keep rate-cut thoughts alive for early 2025.