Shares advance Wednesday in Asia, pushing Wall Street higher

Bangkok, Oct. 11 (BNA): Shares advanced Wednesday in Asia, tracking Wall Street gains following an easing of pressure from the bond market.


U.S. futures slipped and oil prices rose slightly, according to AP.


China’s lackluster recovery from the blows to its economy during the COVID-19 pandemic has weighed heavily on regional and global growth.


The Hang Seng in Hong Kong added 1.4% to 17,919.56 and the Shanghai Composite index was edged less than 0.1% lower, to 3,073.50.


Tokyo’s Nikkei 225 index climbed 0.6% to 31,936.51.


In South Korea, the Kospi jumped 2%, to 2,449.55 after Samsung Electronics reported improved quarterly earnings. Samsung’s shares surged 3%, while SK Hynix’s were up 0.9%.


Australia’s S&P/ASX 200 advanced 0.7% to 7,088.40. In India, the Sensex added 0.6% and in Bangkok the SET was up 1.4%.


PepsiCo rose 1.9% after it reported stronger profit and revenue for its latest quarter.


A barrel of U.S. crude picked up 12 cents to $86.09 per barrel in electronic trading on the New York Mercantile Exchange.


Brent crude, the international standard, was up 12 cents at $87.77 per barrel.


The U.S. dollar rose to 148.92 Japanese yen from 148.72 yen.


The euro slipped to $1.0606 from $1.0608.





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