Asian shares are mixed after a seven-week winning streak on Wall Street cooled
Asian shares were mixed Tuesday after a seven-week winning streak on Wall Street cooled.
U.S. futures were flat and oil prices were little changed.
Tokyo’s Nikkei 225 index gained 1.4% to 33,219.39 after the Bank of Japan kept its ultra-lax monetary policy unchanged, as expected. The dollar rose against the yen, climbing to 143.75 yen from 142.79.
The S & P/ASX 200 in Sydney added 0.8% to 7,489.10, while South Korea’s Kospi edged 0.1% higher to 2,568.55.
Hong Kong’s Hang Seng index declined 1% to 16,469.32 and the Shanghai Composite index gained less than 0.1% to 2,932.39.
Bangkok’s SET slipped 0.2%, while Taiwan’s Taiex fell 0.4%.
On Monday, the S & P 500 rose 0.5% to 4,740.56 and the Nasdaq composite picked up 0.6% to 14,904.81. The Dow Jones Industrial Average finished essentially flat after most of a 0.2% gain faded by late afternoon, closing at 37,306.02.
Retailers and big technology companies were among the big gainers. Amazon.com rose 2.7% and Etsy climbed 4.7% for the biggest gain among S & P 500 stocks.
Chipmaker Nvidia rose 2.4%, while Meta added 2.9% and Netflix closed 3% higher.
Energy companies also rallied as the price of crude oil jumped more than $1 amid growing concerns about attacks from Iranian-backed Houthis on shipping in the Red Sea.
