Asian shares gained momentum as most U.S. stocks edged higher, recovering some losses from the previous week.
Japan’s Nikkei 225 rose 0.4% to close at 38,471.58, while South Korea’s Kospi advanced 0.2% to 2,474.26.
In China, markets showed mixed reactions amid concerns over potential tariff hikes under the future administration of President-elect Donald Trump and skepticism about the effectiveness of recently announced stimulus measures. The Shanghai Composite Index fell 0.9% to 3,305.09. Hong Kong’s Hang Seng Index dipped before rebounding slightly, finishing just 0.1% higher at 19,588.10.
On Wall Street, the S&P 500 and Nasdaq Composite closed with gains, supported by strong performances in energy, communication services, and consumer discretionary sectors. However, the Dow Jones Industrial Average slipped, weighed down by material stock weakness.
The Dow fell 0.1% to 5,892.62, and the Nasdaq c% to 43,389.60, while the S&P 500 rose 0.4limbed 0.6% to 18,791.81.
