HONG KONG : Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally.A round of soft surveys on manufacturing had also revived hopes central banks were done tightening, though that m
HONG KONG : Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally.
"This week's Jackson Hole Symposium remains firmly in focus for markets ... We expect will err on the side of caution with respect to inflation, noting some signs of improvement but still with a long way to go." The index is however down 8.1 per cent so far this month due to the weakness in China's economy and yuan, as well as some gloomy factory readings from Japan, which also left sentiment fragile.Australian shares edged up 0.27 per cent, while Japan's Nikkei stock index rose 0.23 per cent.
On Wall Street, the Dow Jones Industrial Average rose 0.54 per cent, the S&P 500 gained 1.10 per cent and the Nasdaq Composite added 1.59 per cent.
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