Asian shares rise, taking their cue from Wall Street's winning streak
BroadcomBroadcom(US:AVGO) ABC News·2025-11-27 05:01

Market Overview - Asian shares rose, influenced by a four-day winning streak on Wall Street [1] - The S&P 500 and Dow Jones Industrial Average futures remained nearly unchanged [2] Regional Market Performance - Japan's Nikkei 225 increased by 1.2% to 50,167.10, driven by expectations of a Federal Reserve interest rate cut [2] - Hong Kong's Hang Seng index rose nearly 0.1% to 25,952.42, while the Shanghai Composite index climbed 0.3% to 3,875.26, despite a slowdown in profit growth for major Chinese industrial firms [3] - South Korea's Kospi added 0.7% to 3,986.91, with the Bank of Korea maintaining its policy rate at 2.5% [4] - Australia's S&P/ASX 200 rose 0.1% to 8,617.30, and Taiwan's Taiex index increased by 0.5% [4] - India's BSE Sensex was up 0.3% [4] U.S. Market Performance - U.S. stocks closed higher, with the S&P 500 gaining 0.7% to 6,812.61 and the Dow Jones Industrial Average also up 0.7% to 47,427.12 [5] - The Nasdaq composite added 0.8% to 23,214.69, with technology companies leading the rally [6][8] - Dell Technologies saw a 5.8% increase after reporting record orders for AI servers [8] - Financial sector stocks contributed to market gains, with Robinhood Markets jumping 10.9% after announcing plans for a futures and derivatives exchange [9] Economic Indicators - The yield on the 10-year Treasury slipped to 3.99%, while the yield on the 2-year Treasury rose to 3.48% [10] - U.S. benchmark crude oil prices decreased slightly, with crude at $58.60 per barrel and Brent crude at $62.47 per barrel [10]