Asian shares were mostly higher Monday after a widespread rally on Wall Street partly spurred by Apple’s report of better profit than expected.
The screen is showing the sign of the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Monday, May 8, 2023. Asian shares were mostly higher Monday after a widespread rally on Wall Street partly spurred by Apples report of better profit than expected. – European shares opened little changed and Asian shares were mostly higher Monday after a widespread rally on Wall Street partly spurred byTokyo’s benchmark fell while markets in China advanced. U.S.
Early Monday, Germany's DAX was unchanged at 15,962.77 while the CAC 40 in Paris edged 0.1% higher, to 7,437.81. Markets in Britain were closed for a holiday. Treasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s borrowing limit of $31.381 trillion in the coming weeks.
If the government can’t borrow money to keep paying its bills for an extended period, there could be millions of job losses, businesses left bankrupt, crashes piling up across financial markets and lasting economic pain.Hong Kong's Hang Seng index added 1.2% to 20,297.03 and the Shanghai Composite index surged 1.8% to 3,395.00. South Korea's KOSPI climbed 0.5% to 2,513.21, while the S&P/ASX 200 gained 0.8% in Sydney to 7,276.50.On Wall Street Friday, the S&P 500 jumped 1.
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