Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higher
Shares are higher in Asia, tracking Wall Street gains following an easing of pressure from the bond market
By ELAINE KURTENBACH
Published - Oct 11, 2023, 02:30 AM ET
Last Updated - Oct 11, 2023, 08:59 AM EDT
Asian shares rose tracking Wall Street after the United States bond market eased.
The investor sentiment in Hong Kong gained buoyancy following a Bloomberg report that the government was contemplating a boost in construction to fire up the economy.
During the day, U.S. futures slipped while oil prices rose slightly.
A lackluster Chinese recovery from the economic blows that it took from the COVID-19 pandemic has been a dampener on regional and global growth.
