Asian shares rise tracking Wall St highs
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Philippines: Asian shares rose on Friday, tracking Wall Street’s climb to records despite a sell-off for Oracle as worries persisted about a potential bubble in artificial-intelligence technology. US futures fell while oil prices advanced. Japan’s Nikkei 225 index climbed 1.2 per cent to 50,768.12, rebounding from the previous session’s losses. Investors remain cautious ahead of next week’s policy meeting of the Bank of Japan, where it is expected to raise interest rates, but technology shares helped lead broad gains. Softbank Group’s 6 per cent jump in early trading slipped to a 1 per cent gain by midday.
In Chinese markets, Hong Kong’s Hang Seng index rose 1.4 per cent to 25,881.66 while the Shanghai Composite index picked up 0.2 per cent to 3,882.40. An annual planning meeting, the annual Central Economic Work Conference in Beijing on Wednesday to Thursday, setting China’s priorities for 2026.
