Asian shares advance after solid earnings and economic reports updates lift Wall Street

Asian shares advanced on Thursday, following positive momentum on Wall Street. This surge was driven by a combination of strong corporate earnings reports and encouraging economic data from the United States. In Tokyo, the Nikkei 225 saw a significant increase, while other Asian markets like South Korea's Kospi and Taiwan's Taiex also posted gains. Hong Kong's Hang Seng and Shanghai Composite indices also climbed. However, there were some individual stock declines, particularly for newly listed autonomous driving companies. On Wednesday, U.S. stock markets experienced broad gains, with major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite rising. These advances were fueled by strong performances from companies like Alphabet, Broadcom, and Meta Platforms, which helped offset losses in other tech giants. Company earnings reports were a key factor influencing market sentiment. Several companies reported positive sales and profit figures, benefiting from factors like product demand. Conversely, some companies saw their stock prices fall after issuing weaker-than-expected profit forecasts or reporting results that missed analyst expectations. The steady flow of earnings reports provided valuable insights into the health of consumers, businesses, and the overall e... download the app to read more