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World Shares Mostly Advance Tuesday 06/09 08:19
World shares were mostly higher on Tuesday, with tech shares leading gains
after Wall Street recovered some of its sell-off from last week.
(AP) -- World shares were mostly higher on Tuesday, with tech shares leading
gains after Wall Street recovered some of its sell-off from last week.
Oil prices fell back after surging on Monday as fighting flared between
https://apnews.com/article/iran-us-ceasefire-hezbollah-israel-c16dc4917512f7436a
3921a4b044b98b, threatening to pull the region back into full-scale war.
In South Korea, the Kospi jumped 8.2% to 8,096.93, nearly recovering all of
Monday's loss of 8.3%. SK Hynix, which on Monday announced plans to partner
with Nvidia in building data centers, jumped 15.9%. Samsung Electronics vaulted
up 9%.
In early European trading, Germany's DAX picked up 0.3% to 24,694.50, while
the CAC 40 in Paris gained 0.6% to 8,252.40. Britain's FTSE 100 shed 0.3% to
10,346.09.
The future for the S&P 500 added 0.3%, while that for the Dow Jones
Industrial Average was up less than 0.1%.
In other Asian trading, Tokyo's Nikkei 225 gained 2.2% to 65,416.63.
Computer chip equipment maker Tokyo Electron gained 8.9% and other technology
stocks were among the biggest gainers.
Taiwan's Taiex advanced 2.8% on gains for tech companies like computer chip
giant TSMC.
Hong Kong's Hang Seng lost 0.4% to 24,565.90 and the Shanghai Composite
index added 1.3% to 4,010.03.
The S&P/ASX 200 lost 0.2% to 8,604.20.
On Wall Street on Monday, the S&P 500 added 0.3%, coming off a
https://apnews.com/article/stocks-markets-iran-oil-trump-b5e10863b81cb1d6399f688
ad8885c46 Friday that was its worst since October. It closed at 7,405.73.
The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite
climbed 0.9%.
Some of the best performers were companies that sell computer chips, memory
and other https://apnews.com/hub/artificial-intelligence products that had
plunged on worries their prices have shot too high.
Micron Technology rose 9.9% after sliding 13.3% Friday for the largest loss
in the S&P 500. That resumed a run where its stock has more than tripled so far
in 2026.
Marvell Technology climbed 9.6% in its first trading after S&P Dow Jones
Indices said the semiconductor company's stock has grown enough to join its
widely followed S&P 500 index. Marvell's stock has also more than tripled so
far this year, aided by a 32.5% surge in one day last week. That was its best
day since it began trading in 2000, and it came after Nvidia's CEO, Jensen
Huang, suggested at a conference in Taiwan that Marvell could be "the next
trillion-dollar company."
That such a comment could add billions of dollars to a company's value in an
instant suggests to critics that AI stocks are running too hot. A widely
followed index of semiconductor stocks surged nearly 85% for the year so far
through Thursday, for example.
Early Tuesday, oil prices fell back from Monday's gains. The price for a
barrel of Brent crude oil, the international standard, fell $1.25 to $93.00 per
barrel. It had briefly topped $98 overnight.
U.S. benchmark crude shed $1.54 to $89.76 per barrel.
High oil prices caused by the war with Iran have already sent
https://apnews.com/article/economy-inflation-tariffs-gasoline-consumer-spending-
4f59d739153d66682b6fbc2b457f5df6, which increases not only bills for households
but also yields in the bond market.
https://apnews.com/article/bond-market-warning-wall-street-trump-9ef90df1ae1cd12
83f8cf04221611112worldwide recently have threatened to slow economies and
undercut prices for stocks and all kinds of other investments.
In currency trading, the dollar rose to 160.20 Japanese yen from 160.17 yen.
The euro climbed to $1.1541 from $1.1532.
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