Stock market today: Asian shares start week with gains
Asian shares have begun the week mostly higher after a widespread rally on Wall Street partly spurred by Apple's report of better profit than expected
By ELAINE KURTENBACH
Published - May 08, 2023, 12:03 AM ET
Last Updated - Jun 21, 2023, 10:10 PM EDT
NEW YORK (AP) — Asian shares were mostly higher Monday after a widespread rally on Wall Street partly spurred by AAPL" target="_blank">Apple’s (AAPL) report of bet ter profit than expected.
Tokyo’s benchmark fell as markets reopened after several days of holidays, while markets in China advanced.
A report showed hiring accelerated across the economy by much more than expected last month. The government’s jobs report also showed workers won bigger pay raises than expected.
Such trends helped calm worries that a recession is looming, even as time grows short on reaching an agreement on the U.S. government debt ceiling, Stephen Innes of SPI Asset Management said in a commentary.
