Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Märkte Asien: Tech-Rally an der Wall Street beflügelt Börsen in Asien

Die asiatischen Indizes folgen dem Trend der Wall Street in die Gewinnzone. Für zusätzliche Unterstützung sorgen die nachgebenden Ölpreise.

Märkte Asien: Tech-Rally an der Wall Street beflügelt Börsen in Asien

A technology-driven rally on Wall Street has given a boost to Asian stock markets on Tuesday. The US technology index Nasdaq had previously closed at a record high. Japan's Nikkei index rose by 0.7 percent. The broader Topix index noted about 0.4 percent at 4164 counts. The Shanghai exchange remained closed due to a holiday. Additional support came from weakening oil prices.

However, the sentiment was dampened by persistently high returns for long-term US government bonds, which hovered near multi-decade highs. "The market rally has once again been led by technology," said Kyle Rodda, an analyst at Capital.com. Reduced uncertainty about interest rates and a slight relaxation in geopolitical risks have allowed investors to focus on the extraordinary profit growth of AI companies.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Tuesday 6 October →