Global Market Report -April 24, 2018

Asia markets came to life on Tuesday as the dollar gained and Google results inspired global tech stocks

James Gard 24 April, 2018 | 11:03AM
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Asia

Markets in Asia-Pacific moved higher on Tuesday after a string of indifferent trading sessions and despite another lacklustre performance on Wall Street.

A drop in the 10-year US bond yield away from the 3% milestone also helped the case for equities, as did a strong performance for Google parent company Alphabet (GOOGL) after the US market closed.

Currency factors were a key dynamic today –the dollar moved up to nearly 109 yen, having hit a recent now over 104 at the end of last month. A near 1% move higher in Japan’s Nikkei 225 pushed the index comfortably above 22,000 points. But the best performing market in the region was China’s Shanghai Composite, which closed nearly 2% higher at 3,128 points. Hong Kong’s Hang Seng, which is sensitive to changes in tech sentiment, was also up over 1% on the day.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
3M Co182.42 USD0.00Rating
Alphabet Inc A2,835.38 USD0.00Rating
Amazon.com Inc3,415.06 USD0.00Rating
BP PLC363.10 GBP0.00Rating
Coca-Cola Co54.63 USD0.00Rating
Facebook Inc A340.78 USD0.00Rating
Royal Dutch Shell PLC B23.00 CHF0.00
Verizon Communications Inc53.61 USD0.00Rating

About Author

James Gard  is content editor for Morningstar.co.uk