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Asian shares track Wall St’s rise as tech shares advance and investors shrug off the US shutdown
['Teresa Cerojano', 'The Associated Press']
Winnipeg Free Press
MANILA, Philippines (AP) — Asian shares advanced on Thursday, tracking Wall Street’s rise to records despite the the shutdown of the U.S. government.
Technology shares jumped on expectations of higher demand for computer chips due to a partnership between South Korean tech and OpenAI.
Shares in Samsung surged 4.6% while SK Hynix’s shares soared 10.8%.
On Wednesday, stocks rose to more records in U.S. trading, though yields sank in the bond market following the latest discouraging signals on the economy.
Usually, traders on Wall Street wait for a more comprehensive U.S. government jobs report to suss out how the job market is doing.