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Monday, April 29, 2024

Asian shares mixed as earnings fuel gains on Wall Street

Shares are mixed in Asia, with markets in China still closed for Lunar New Year holidays

BANGKOK — Shares were mixed in Asia on Thursday as the latest batch of company earnings reports kept investors in a buying mood and pushed benchmarks on Wall Street higher.

Markets in China remained closed for Lunar New Year holidays. Tokyo’s Nikkei 225 index lost 1.1% to 27,241.31 while the S&P/ASX 200 gave up 0.1% to 7,078.00. Seoul’s Kospi climbed 1.7% to 2,707.82, catching up on earlier gains elsewhere after markets in South Korea reopened from holidays.

U.S. futures declined, with the contract for the S&P 500 down 1%. That for the Dow industrials fell 0.1%.

Investors are reviewing the latest round of corporate earnings to gauge the damage that rising costs have had on…

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