ASIATODAY.ID, JAKARTA – Shares in Asian markets on Tuesday, June 18 2024 mostly experienced increases after Wall Street recorded another record high, driven by the positive performance of technology companies.
In Tokyo, the Nikkei 225 rose 0.9% to 38,441.90. The Hang Seng in Hong Kong fell 0.2% to 17,903.06, while the Shanghai Composite index rose 0.4% to 3,026.61. The Kospi in South Korea also rose 0.8% to 2,766.22. The S&P/ASX 200 in Sydney jumped 1% to 7,776.20, while India’s Sensex rose 0.4% to 77,291.77.
The day before, Wall Street’s main index again recorded a record high. The S&P 500 rose 0.8% to hit 5,473.23. The Dow Jones also rose 0.5% to 38,778.10, and the Nasdaq composite jumped 1% to 17,857.02. This increase was driven by shares of technology companies. Autodesk jumped the most, up 6.5%, followed by chip company Broadcom which rose 5.4%.
In addition, Apple also rose 2%, and Microsoft rose 1.2%. These gains in the technology sector helped offset pressure on the stock market caused by rising Treasury yields in the bond market. The 10-year Treasury yield rose to 4.28% from 4.22% previously. The 2-year Treasury yield rose to 4.76% from the previous 4.71%. (ATN)
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