Asian Stocks Gain After Wall Street’s Latest Record

Asian shares mostly rose on Tuesday, January 23, 2024, following Wall Street's continuation of its all-time high reached last week. Hong Kong's benchmark extended its losses, but Shanghai's jumped 2.5%.

US futures remained flat, and oil prices edged lower. Tokyo’s Nikkei 225 index added 0.3% to 36,637.03, moving closer to its all-time record set in 1989. I Photo: New York Stock Exchange

US futures remained flat, and oil prices edged lower. Tokyo’s Nikkei 225 index added 0.3% to 36,637.03, moving closer to its all-time record set in 1989.

The Bank of Japan cited "extremely high uncertainties surrounding economies and financial markets at home and abroad" as it maintained its ultra-lax monetary policy, with interest rates staying at minus 0.1%.

In other parts of Asia, South Korea’s Kospi rose 0.4% to 2,473.97, and Australia’s S&P/ASX 200 added 0.6% to 7,524.50. Bangkok’s SET was nearly unchanged. On Monday, the S&P 500 added 0.2% to 4,850.43.

The Dow Jones Industrial Average surpassed 38,000 points, rising 0.4% to 38,001.81. The Nasdaq composite gained 0.3% to 15,360.29. Elaine Kurtenbach reported for the Associated Press (AP).

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