Shares in Asia advance, led by tech stocks, after another week of gains for Wall St
Update: 2025-11-03
Description
Asian stock markets opened higher on November 3rd, following a positive week in the U.S., led by Amazon's impressive earnings. U.S. stock futures also showed optimism, while global oil prices rose. South Korea's Kospi index surged by 2.6%, with Samsung Electronics up over 3%. China's markets were calm, with Shanghai's index barely gaining. Investors remained unaffected by U.S.-China political tensions, focusing on trade instead. Amazon's stock soared by nearly 10%, pushing the S&P 500 to a third consecutive winning week and its longest winning streak in years. Apple also posted strong earnings, but its shares dipped slightly. Investors are now watching spending plans from tech giants like Meta and Microsoft in AI, while oil prices boosted energy traders' optimism. The U.S. dollar held steady, and global markets are cautiously optimistic as they enter the new week.
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