Asian markets are mostly higher as Wall Street is stuck in trade war doldrums

APNews - 18/04
Asian shares are mostly higher after a bumpy ride on Wall Street. Markets advanced in Tokyo, Taiwan and Seoul in thin Good Friday trading.

BANGKOK (AP) — Asian shares are mostly higher in thin Good Friday trading after a bumpy ride on Wall Street, where the Dow industrials lost 1.3% as UnitedHealth lost more than a fifth of its value due to a weaker-than-expected profit report.

Tokyo’s Nikkei 225 gained 0.6% to 34,583.29, while the Kospi in South Korea rose 0.3% to 2,478.39.

Taiwan’s Taiex jumped 0.8% and regional tech companies advanced after global heavyweight Taiwan Semiconductor Manufacturing Co. reported a profit for the latest quarter that matched analysts’ expectations. Perhaps more importantly, it also said it hasn’t seen a drop-off in activity from its customers because of President Donald Trump’s trade war, as some other companies have suggested.

Still, the company known as TSMC was cautious. “While we have not seen any changes in our customers’ behavior so far, uncertainties and risks from the potential impact from tariff...
[Short citation of 8% of the original article]

Loading...