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World shares mostly climb as tech shares lead Wall Street to more records
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....orld shares mostly climb as tech shares lead Wall Street to more records<BR>PTI News<BR>Dated:- 3-10-2025<BR>PTI<BR>Manila, Oct 3 (AP) World shares mostly climbed on Friday after US stocks rose to more records on heavy buying of technology shares. The futures for the S&P 500 and the Dow Jones Industrial Average both added more than 0.2 per cent. Markets have largely shrugged off the shutdown o....
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....f the US government after Democrat and Republican lawmakers failed to reach an agreement on funding. US President Donald Trump and congressional leaders were not expected to meet again soon, and the Democrats have held fast to their demands to preserve health care funding, warning of price spikes for millions of Americans nationwide. In early European trading, Germany's DAX edged up 0.1 per ce....
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....nt to 24,451.76. Britain's FTSE 100 rose more than 0.5 per cent to 9,478.57. In Paris, the CAC 40 advanced 0.3 per cent to 8,080.91. In Asia, Japan's Nikkei 225 closed nearly 1.9 per cent higher at 45,769.50 as tech stocks gained despite data showing Japan's unemployment rate rose 2.6 per cent in August, the highest in 13 months and above the expected 2.4 per cent. Shares in Hitachi jumped 10.....
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....3 per cent after it signed a memorandum of understanding with OpenAI to provide cooling systems for its data centres. Stocks in the computer chip and artificial-intelligence industries have also climbed this week after OpenAI announced partnerships with South Korean companies for Stargate, a USD 500 billion project aimed at building AI infrastructure. Stock exchanges in China and South Korea w....
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....ere closed on Friday for holidays. Hong Kong's Hang Seng won back some earlier losses, ending 0.5 per cent down to 27,140.92 as traders sold to lock in profits from Thursday's gains. Australia's S&P; P/ASX 200 added nearly 0.5 per cent to 8,987.40. India's BSE Sensex rose less than 0.1 per cent, while Taiwan's Taiex edged 0.9 per cent higher. Thursday on Wall Street, the S&P 500 added 0.1 pe....
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....r cent to its all-time high set the day before, closing at 6,715.35. The Dow Jones Industrial Average rose 0.2 per cent to 46,519.72, and the Nasdaq composite climbed 0.4 per cent to 22,844.05. The government shutdown means this week's usual report on jobless claims was delayed. An even more consequential report, Friday's monthly tally of jobs created and destroyed across the economy, will likel....
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....y also not arrive on schedule. That increases uncertainty when much on Wall Street is riding on investors' expectations that the job market is slowing by enough to convince the Federal Reserve to keep cutting interest rates, but not by so much that it leads to a recession. So far, the US stock market has looked past the delays of such data. Shutdowns of the US government have tended not to hur....
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....t the economy or stock market much, and the thinking is that this one could be similar, even if Trump has threatened large-scale firings of federal workers this time around. That left corporate announcements as the main drivers of trading on Thursday. Excitement around AI and the massive spending underway because of it are a major reason the US stock market has hit record after record, along w....
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....ith hopes for easier interest rates. But AI stocks have become so dominant, and so much money has poured into the industry, that worries are rising about a potential bubble that could eventually lead to disappointment for investors. Still, Advanced Micro Devices climbed 3.5 per cent, and Broadcom gained 1.4 per cent. Nvidia's 0.9 per cent rise was the strongest single force pushing the S&P 500 u....
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....pward. In other dealings on Friday, benchmark US crude added 77 cents to USD 61.25 per barrel. Brent crude, the international standard, rose 76 cents to USD 64.87 per barrel. The US dollar climbed to 147.41 Japanese yen from 147.26 yen. The euro edged up to USD 1.1737 from USD 1.1717. (AP) SKS SKS<BR> News - Press release - PIB....