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Wednesday, May 8, 2024

Stock market today: Asian shares are mostly higher after another set of Wall St records

BANGKOK — Asian shares ended mostly higher in quiet, Good Friday holiday trading, while European and U.S. markets were closed.

Tokyo’s Nikkei 225 rose 0.5% to 40,369.44 and the Kospi in Seoul was little changed, at 2,748.55. The Shanghai Composite index gained 1% to 3,041.17.

Taiwan’s Taiex advanced 0.7%. In Bangkok, the SET added 0.5%.

India’s markets were closed for Holi.

The U.S. dollar slipped to 151.35 Japanese yen from 151.38 yen. The euro edged lower, to $1.0774 from $1.0790.

On Thursday, the S&P 500 added 0.1%, to its all-time high set a day before and closed at 5,254.35. It gained 10.2% in the first quarter.

The Dow Jones Industrial Average ticked up 0.1% to 39,807.37 and likewise set a record. The Nasdaq composite dipped 0.1% to 16,379.46.

Chemours fell 9.1% despite reporting better results for the latest quarter than analysts expected. It gave a forecast for earnings…

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