Zürcher Nachrichten - Asian stocks mostly up after US tech rally

EUR -
AED 3.821609
AFN 73.043711
ALL 98.561994
AMD 415.734952
ANG 1.874008
AOA 948.892795
ARS 1067.239304
AUD 1.668181
AWG 1.872815
AZN 1.757682
BAM 1.956454
BBD 2.099482
BDT 124.256752
BGN 1.957817
BHD 0.392426
BIF 3074.798113
BMD 1.040453
BND 1.412959
BOB 7.185402
BRL 6.442694
BSD 1.039838
BTN 88.511732
BWP 14.441688
BYN 3.402905
BYR 20392.87375
BZD 2.092379
CAD 1.496535
CDF 2986.099191
CHF 0.93648
CLF 0.037319
CLP 1029.739995
CNY 7.591767
CNH 7.598484
COP 4556.381863
CRC 527.971385
CUC 1.040453
CUP 27.571998
CVE 110.297624
CZK 25.115501
DJF 185.171889
DKK 7.460816
DOP 63.34117
DZD 140.687327
EGP 52.961546
ERN 15.606791
ETB 132.39725
FJD 2.412966
FKP 0.82402
GBP 0.828196
GEL 2.923108
GGP 0.82402
GHS 15.285109
GIP 0.82402
GMD 74.912518
GNF 8986.65805
GTQ 8.0096
GYD 217.552711
HKD 8.081868
HNL 26.41983
HRK 7.46307
HTG 135.964135
HUF 410.690109
IDR 16866.571316
ILS 3.790359
IMP 0.82402
INR 88.614737
IQD 1362.155262
IRR 43790.051599
ISK 145.091415
JEP 0.82402
JMD 162.007918
JOD 0.737991
JPY 163.632522
KES 134.384575
KGS 90.519253
KHR 4179.356665
KMF 484.981066
KPW 936.406886
KRW 1516.386879
KWD 0.320615
KYD 0.866581
KZT 538.684863
LAK 22740.381777
LBP 93117.221839
LKR 306.450641
LRD 189.251433
LSL 19.334876
LTL 3.072187
LVL 0.629359
LYD 5.10451
MAD 10.485801
MDL 19.185228
MGA 4904.592084
MKD 61.579021
MMK 3379.349922
MNT 3535.458283
MOP 8.3185
MRU 41.508277
MUR 48.974372
MVR 16.027812
MWK 1803.102637
MXN 20.964801
MYR 4.668508
MZN 66.48881
NAD 19.335062
NGN 1610.226956
NIO 38.262788
NOK 11.815418
NPR 141.618971
NZD 1.843304
OMR 0.40057
PAB 1.039848
PEN 3.871945
PGK 4.220248
PHP 60.807174
PKR 289.478921
PLN 4.256856
PYG 8109.710445
QAR 3.781864
RON 4.974508
RSD 116.972699
RUB 104.513453
RWF 1450.570871
SAR 3.90625
SBD 8.722693
SCR 14.683216
SDG 625.834202
SEK 11.538871
SGD 1.414875
SHP 0.82402
SLE 23.721196
SLL 21817.776932
SOS 594.292914
SRD 36.476165
STD 21535.271101
SVC 9.098691
SYP 2614.168982
SZL 19.343279
THB 35.541837
TJS 11.375802
TMT 3.651989
TND 3.315608
TOP 2.436845
TRY 36.690385
TTD 7.066294
TWD 34.011368
TZS 2517.895925
UAH 43.598696
UGX 3806.235546
USD 1.040453
UYU 46.28369
UZS 13423.970506
VES 53.661818
VND 26469.117766
VUV 123.524633
WST 2.87455
XAF 656.17
XAG 0.035166
XAU 0.000398
XCD 2.811876
XDR 0.797259
XOF 656.151075
XPF 119.331742
YER 260.503326
ZAR 19.427453
ZMK 9365.323193
ZMW 28.777618
ZWL 335.025359
  • CMSC

    -0.1321

    23.77

    -0.56%

  • AZN

    -0.3400

    66.29

    -0.51%

  • RBGPF

    -0.7000

    59.8

    -1.17%

  • CMSD

    0.0300

    23.58

    +0.13%

  • BTI

    0.0150

    36.235

    +0.04%

  • NGG

    -0.1300

    58.89

    -0.22%

  • GSK

    -0.0400

    34.02

    -0.12%

  • SCS

    0.0900

    11.74

    +0.77%

  • BCC

    0.9450

    123.185

    +0.77%

  • BP

    0.0800

    28.83

    +0.28%

  • RIO

    -0.0700

    59.16

    -0.12%

  • RYCEF

    0.0000

    7.25

    0%

  • JRI

    0.0550

    12.155

    +0.45%

  • RELX

    0.3100

    45.9

    +0.68%

  • BCE

    0.0450

    22.885

    +0.2%

  • VOD

    0.0700

    8.44

    +0.83%

Asian stocks mostly up after US tech rally
Asian stocks mostly up after US tech rally / Photo: WANG Zhao - AFP

Asian stocks mostly up after US tech rally

Asian stocks were mostly higher on Tuesday after a tech rally on Wall Street, but their gains remained modest in thin Christmas Eve trade.

Text size:

Overnight, European stocks bounced around while US equities shook off early weakness to push higher as investors waited to see if a so-called Santa Claus rally would materialise.

US "stocks didn't really have any direction in the morning, then we got this tech rally that just sort of drifted higher all day," said Steve Sosnick of Interactive Brokers.

Analysts said that could help boost semiconductor-related shares, including in Tokyo, although the key Nikkei index was down 0.3 percent at the break.

Hong Kong was up 0.9 percent and Shanghai gained 0.5 percent. Taipei rose 0.8 percent and Wellington was up 0.7 percent, but Seoul declined 0.2 percent.

Hang Seng Bank said in a note that Hong Kong stocks were "consolidating before the long holiday".

It was among several exchanges, including Sydney, closing early on Tuesday.

"This is the time of the year when there's a lot of noise and little to no signal in price action," said Kyle Rodda, senior market analyst at Capital.Com cited by Bloomberg News.

"There's a high chance of a pretty slow day for the region and an uneventful rest of the week as a high proportion of the markets log off for the holidays."

Despite the gains, Asian stocks faced downward pressure "as the Bank of Japan warned against foreign exchange speculation and Australia cut its iron ore price forecast, negatively impacting Japanese and Australian markets", Hang Seng Bank added.

Honda shares soared 16 percent after the Japanese auto giant announced a buyback of up to 1.1 trillion yen ($7 billion), as it enters merger talks with struggling rival Nissan.

The talks on collaboration between Honda and Nissan would create the world's third-largest automaker, expanding development of EVs and self-driving tech.

Honda's CEO insisted it was not a bailout for Nissan, which announced thousands of job cuts last month and reported a 93 percent plunge in first-half net profit.

- Key figures around 0200 GMT -

Tokyo - Nikkei 225: DOWN 0.3 percent at 39,043.95

Hong Kong - Hang Seng Index: UP 0.9 percent at 20,062.57

Shanghai - Composite: UP 0.5 percent at 3,369.54

Euro/dollar: UP at $1.0438 from $1.0431 on Monday

Pound/dollar: UP at $1.2581 from $1.2567

Dollar/yen: UP at 156.47 yen from 156.45 yen

Euro/pound: DOWN at 82.95 pence from 82.98 pence

West Texas Intermediate: UP 0.5 percent at $69.59 per barrel

Brent North Sea Crude: UP 0.5 percent at $73.01 per barrel

New York - Dow: UP 0.2 percent at 42,906.95 (close)

London - FTSE 100: UP 0.2 percent at 8,102.72 (close)

P.Gashi--NZN