From Yahoo Finance: 2024-05-31 02:14:45

Asian shares rose despite declines on Wall Street, with Tokyo’s Nikkei 225 jumping 1.2%. China’s factory activity weakened, but Chinese shares still rose. Japan plans to inject $638 billion more public money into markets. Hong Kong’s Hang Seng index and Shanghai Composite index also rose. Taiwan’s Taiex dropped 0.9% following declines by Taiwan Semiconductor Manufacturing Corp. Nvidia’s 3.8% drop dragged down Wall Street, with Nasdaq composite falling 1.1%, S&P 500 down 0.6%, and Dow Jones Industrial Average dropping 0.9%. Earnings reports and inflation gauge updates continue to influence the market.

Despite Wall Street’s drop, Asian markets rose, supported by Japan’s plan to boost public investments and China’s positive performance. Taiwan’s Taiex fell but other indices in Tokyo, Hong Kong, Shanghai, Australia, and Korea rose. Wall Street saw declines due to Nvidia’s drop, with Nasdaq composite, S&P 500, and Dow Jones Industrial Average falling. Earnings reports, inflation gauge updates, and Federal Reserve policies continue to impact the market. Friday will bring more economic data, with retailers reporting earnings. Oil and currency markets also saw fluctuations.



Read more at Yahoo Finance: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.