LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Jan 17, 11:09 PM EST

Asian shares advance after Wall Street rally; eyes on China


AP Photo
AP Photo/Shizuo Kambayashi

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

Shares were broadly higher in Asia on Thursday after a rally on Wall Street that took the Dow Jones industrial average to its first close above 26,000. Traders are awaiting the release of Chinese GDP figures later Thursday.

KEEPING SCORE: Japan's benchmark Nikkei 225 jumped 0.7 percent to 24,050.53 as the yen weakened against the U.S. dollar. Australia's S&P/ASX 200 added 0.1 percent to 6,024.40 and South Korea's Kospi rose 0.4 percent to 2,524.62. Hong Kong's Hang Seng gained 0.2 percent to 32,049.94, while the Shanghai Composite added 0.3 percent to 3,453.28. Shares in Taiwan and Southeast Asia were higher.

CHINA FACTOR: The region is watching for the release of fourth quarter GDP and other data from China later in the day. Analysts have forecast a slight slowdown for the last quarter.

WALL STREET: Technology, financial and health care related shares helped push the Dow, Standard & Poor's 500 index and the Nasdaq composite to record higher, wiping out the market's modest losses from a day earlier. The Dow surged 1.3 percent to 26,115.65. The S&P 500 index climbed 0.9 percent to 2,802.56 and the Nasdaq added 1 percent to 7,298.28. The Russell 2000 index of smaller-company stocks picked up 0.9 percent, to 1,586.66.

THE QUOTE: "Risk appetite returned to the U.S. on Wednesday, feeding into gains for equity indices ... expected to transpire to Asia. A packed data day nevertheless lies ahead with much of the attention set on the release of China's Q4 GDP later in the day," Jingyi Pan, a market strategist at IG in Singapore, said in a commentary.

ENERGY: Benchmark crude rose 26 cents to $64.23 a barrel in electronic trading on the New York Mercantile Exchange. It added 24 cents to $63.97 per barrel on Wednesday. Brent crude, used to price international oils, rose 21 cents to $69.59 a barrel.

CURRENCIES: The dollar rose to 111.48 yen from 110.77 yen late Wednesday in Asia. The euro fell to $1.2175 from $1.2207.

---

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

Her work can be found at https://www.apnews.com/search/yuri%20kageyama

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.