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An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/Jason Lee

Technology Companies Led Asian Shares Make Higher

Asian Shares Make Higher : Asia following a rally on Wall Street led by technology companies. There was little if any immediate reaction to President Donald Trump’s State of the Union address.

Japan’s Nikkei 225 index gained 0.4 percent to 20,921.05 early Wednesday. Australia’s S&P ASX 200 also climbed 0.4 percent. helped by buying of banks’ shares, to 6,030.90. Markets in Hong Kong, mainland China in addition, most of Southeast Asia were closed for lunar new year holidays.

The overnight rally in U.S. markets, supported by strong corporate earnings. Similarly, extended the benchmark S&P 500 index’s winning streak to five days.

More than 68 percent of companies reporting earnings in the S&P 500. After that, beat analyst forecasts during the most recent quarter. Those results, in part, helped drive the market’s best January in 32 years.

CHINA-US TRADE:

Positive sentiment has been supported by reports from Washington. citing unnamed sources, that say U.S. Trade Representative Robert Lighthizer. and Treasury Secretary Stephen Mnuchin plan to travel to Beijing next week. for the next round of talks aimed at resolving trade and technology-related. disputes that have led to both sides imposing tariffs on billions of dollars’ worth of each other’s products.

WALL STREET: The S&P 500 index added 0.5 percent to 2,737.70. The Dow Jones Industrial Average gained 0.7 percent to 25,411.52. The tech-heavy Nasdaq composite added 0.7 percent to 7,402.08 and the Russell 2000 index of smaller companies picked up 0.2 percent, to 1,520.23.

ENERGY: U.S. crude oil added 7 cents to $53.73 per barrel in electronic trading on the New York Mercantile Exchange.  It fell 1.6 percent to settle at $53.66 per barrel on Tuesday. Brent crude, used to price international oil, picked up 4 cents to $62.02 per barrel. It slid 0.8 percent to close at $61.98 per barrel in London.

CURRENCIES: The dollar slipped to 109.80 yen from 109.96 yen on Tuesday. The euro weakened versus the dollar to $1.1399 from $1.1405.
(Note:  Above all information are take from various sources, Alice Blue Commodity are not responsible for any miss information)

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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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