Stock market today: Asian shares rise after Wall Street nears record; markets eye inflation report
ABC News
Asian shares have advanced on the back of Wall Street’s climb to a near-record high, as Tokyo's benchmark hovered near its highest level since 1990
TOKYO -- Asian shares advanced Thursday on the back of Wall Street’s climb to a near-record high, as Tokyo’s benchmark hovered near its highest level since 1990.
The yen has weakened against the U.S. dollar, boosting export-related shares in a New Year rally that took the benchmark Nikkei 225 to 35,053.67, up 1.8% in afternoon trading.
Toyota Motor Corp.'s stock rose more than 3%, while Honda Motor Co. added 2.5%. Sony Group Corp. rose 3.4% and Hitachi gained 4%. Profit-taking was likely to keep further gains in check, analysts said.
Hong Kong’s Hang Seng added added 1.3% to 16,302.04, while the Shanghai Composite gained 0.3% to 2,886.65.
Australia's S&P/ASX 200 gained 0.5% to 7,506.00. South Korea's Kospi slipped less than 2 points to 2,540.27.
