PSX 100 Index
Updated:
16/10/24 05:18News
Asian Stocks Rise With Tech Leading; Oil Declines: Markets Wrap
- Japanese, Australian shares advance, while China’s drop
- Oil retreats on easing concerns about Middle East tensions
Shares in Asia climbed after another record high on Wall Street fueled by technology shares. Oil dropped as concerns eased about Israel attacking Iranian energy facilities.
MSCI’s Asia Pacific Index rose as much as 0.7% on the back of gains in the chip sector. Taiwan Semiconductor Manufacturing Co. and Tokyo Electron Ltd. were two of the biggest contributors to the benchmark’s advance. Japan’s Nikkei 225 Stock Average Index climbed back up to reach the highest levels since July. Benchmarks in Australia and Taiwan also advanced.