Asian shares are mostly higher after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%. Benchmarks rose in Tokyo, Sydney, Seoul, Shanghai and Taiwan, but fell in Hong Kong. U.S. futures and oil prices rose.
A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Tuesday, Oct. 24, 2023, in Tokyo. Shares were mixed Tuesday in Asia after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after creeping above 5%. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Tuesday, Oct. 24, 2023, in Tokyo.
Shanghai’s benchmark had fallen to its lowest level in several years as worries over a slump in the property market and a slowing economy in general have led investors to sell off shares. A 3.8% jump for Nvidia and 0.8% rise for Microsoft were the two strongest forces helping to limit the market’s losses, while most stocks on Wall Street weakened.
U.S. oil had been above $93 last month, and it’s bounced up and down since then amid concerns that fighting in the Gaza Strip could lead to disruptions in supplies from Iran or other big oil-producing countries.
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