Asian shares rise on China stimulus hopes, mixed results in Tokyo, Hong Kong

From Yahoo Finance: 2024-10-14 01:07:30

Asian shares rose on Monday as China’s finance minister hinted at the need for more stimulus measures for the slowing economy. U.S. futures were steady and oil prices dropped. Stock investors are hoping for a plan of up to $280 billion. Large-scale Chinese military drills had little impact on markets, with Taiwan’s Taiex up. Tokyo and Hong Kong had mixed results, while South Korea and Australia saw gains. The S&P 500 and Dow Jones hit new records on strong bank profits, while Tesla’s robotaxi unveiling led to an 8.8% decline. Treasury yields were mixed, and oil prices fell slightly.



Read more at Yahoo Finance: Asian shares gain after China says more help is needed for its slowing economy