{"id":44138,"date":"2023-11-27T19:39:05","date_gmt":"2023-11-27T19:39:05","guid":{"rendered":"https:\/\/lethal-industry.com\/?p=44138"},"modified":"2023-11-27T19:39:05","modified_gmt":"2023-11-27T19:39:05","slug":"asian-shares-mostly-higher-as-investors-await-fed-minutes","status":"publish","type":"post","link":"https:\/\/lethal-industry.com\/business\/asian-shares-mostly-higher-as-investors-await-fed-minutes\/","title":{"rendered":"Asian Shares Mostly Higher As Investors Await Fed Minutes"},"content":{"rendered":"
Asian stocks traded mostly higher in early trade on Tuesday, with technology<\/span> stocks leading the surge. <\/p>\n The dollar nursed losses and benchmark U.S.10-year Treasury yields hovered near two-month lows hit last week, while gold edged higher amid expectations that U.S. interest rates may have peaked. <\/p>\n Investors looked ahead to the release of minutes from Federal Reserve’s latest meeting later in the day for additional clues on the rate outlook. <\/p>\n Oil extended gains after rising more than 2 percent on Monday amid hopes of OPEC+ deepening output cuts. <\/p>\n China’s Shanghai Composite index jumped 0.6 percent after a Bloomberg report that regulators are drafting a list of 50 developers eligible for a range of financing. <\/p>\n China Vanke Co., Seazen Group Ltd. and Longfor Group Holdings Ltd. are among the list of developers that may be eligible for support from bank loans, debt and equity financing.<\/p>\n Hong Kong’s Hang Seng index rallied 1.5 percent ahead of earnings due from Baidu and Kuaishou Technology.<\/p>\n Japan’s Nikkei average was marginally lower as the yen steadied near a seven-week high against the dollar. <\/p>\n South Korea’s Kospi average was up 0.8 percent, led by technology stocks. <\/p>\n Australia’s benchmark S&P ASX 200 edged up 0.2 percent after RBA minutes showed the board believed the risk of inflation continuing above target was too high to keep rates on hold.<\/p>\n Across the Tasman, New Zealand’s benchmark S&P NZX-50 index was down 0.3 percent. <\/p>\n U.S. stocks started a holiday shortened week on a positive note overnight as bond yields slipped after a strong 20-year notes auction and Microsoft announced it has hired Altman to spearhead “a new advanced AI research team.” <\/p>\n The tech-heavy Nasdaq Composite jumped 1.1 percent to reach its best closing level since late July, while the S&P 500 added 0.7 percent and the Dow gained 0.6 percent. <\/p>\n European stocks ended mixed on Monday after a strong week driven by dovish Fed bets.<\/p>\n The pan European STOXX 600 finished marginally higher. The German DAX and the U.K.’s FTSE 100 both eased around 0.1 percent while France’s CAC 40 edged up 0.2 percent. <\/p>\n