Stocks are mixed in Asia after a rally on Wall Street led by technology stocks
A man wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, April 20, 2022, in Tokyo. Stocks were mixed in Asia on Wednesday after a rally on Wall Street led by technology stocks.BANGKOK — — Stocks were mixed in Asia on Wednesday after a rally on Wall Street led by technology stocks.
Data for the fiscal year that ended in March showed exports jumped almost 24% but were outpaced by imports, which climbed 33%. The fiscal year deficit of 5.4 trillion yen was the highest in seven years. Tokyo's Nikkei 225 index gained 0.6% to 27,153.96 while the Kospi in South Korea edged 0.1% lower to 2,716.54. The Hang Seng index in Hong Kong advanced 0.8% to 21,200.06 and the Shanghai Composite index slipped 0.2% to 3,187.23.
The S&P 500 rose 1.6% to 4,462.21 and the Dow Jones Industrial Average rose 1.5%, to 34,911.20. The tech-heavy Nasdaq shook off an early loss and added 2.2%, closing at 13,619.66.Nearly 90% of the stocks in the benchmark S&P 500 rose. Technology stocks helped power the broad gains. Pricey valuations for many of the bigger technology companies give them more sway in directing the broader market higher or lower. Microsoft rose 1.7%.
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