Asian Shares Mixed As Big Tech Rallies In U.S.

Asian shares traded mixed on Tuesday, September 12, 2023, following a Big Tech rally on Wall Street, as investors awaited an update on US consumer prices scheduled for later in the week, Yuri Kageyama reported for the Associated Press (AP).

On Monday on Wall Street, the S&P 500 rose by 0.7% to reach 4,487.46, rebounding from its first losing week in the last three. I Photo: New York Stock Exchange Facebook

Japan's benchmark Nikkei 225 surged by 1.0% to reach 32,776.37. Australia's S&P/ASX 200 added 0.2% to reach 7,206.90.

South Korea's Kospi declined by 0.8% to reach 2,536.80. Hong Kong's Hang Seng dropped 0.2% to reach 18,056.17, while the Shanghai Composite fell by nearly 0.2% to reach 3,137.73.

On Monday on Wall Street, the S&P 500 rose by 0.7% to reach 4,487.46, rebounding from its first losing week in the last three.

The Dow Jones Industrial Average gained 0.3% to reach 34,663.72, and the Nasdaq composite climbed by 1.1% to reach 13,917.89. Some big technology-oriented stocks led the way, with Tesla jumping 10.1%, Amazon climbing 3.5%, and Meta Platforms rising 3.2%.

Apple also rose by 0.7% ahead of a Tuesday event where it's expected to release its latest iPhone model.

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