Asian shares are mostly higher after Trump signs bill ending US government shutdown

MANILA, Philippines -- Asian shares traded mixed connected Thursday aft U.S. stocks drifted adjacent their records.

U.S. futures edged higher, portion lipid prices declined.

Japan's Nikkei 225 roseate 0.2% to 51,139.48 arsenic investors took bosom arsenic the U.S. authorities shutdown yet ended.

President Donald Trump signed a authorities backing measure Wednesday night, ending a grounds 43-day shutdown that caused fiscal accent for national workers who went without paychecks, stranded scores of travelers astatine airports and generated agelong lines astatine immoderate nutrient banks.

“The shutdown had blocked not conscionable spending, but besides delayed a raft of national economical data,” Stephen Innes of SPI Asset Management said successful a commentary, adding that “for markets, the lone enactment that matters is simple: the lights are coming backmost on.”

Hong Kong's Hang Seng scale fell 0.6% to 26,766.71, portion the Shanghai Composite scale edged up 0.4% to 4,016.24 arsenic mainland stocks climbed up of updates connected lending successful China.

Australia's S&P ASX 200 fell 1% to 8,715.00, falling for a 3rd consecutive league arsenic hopes for near-term involvement complaint cuts were quashed by beardown jobs information that showed unemployment falling to 4.3% successful October from 4.5% successful September.

South Korea's Kospi fluctuated betwixt gains and losses, edging 0.1% higher to 4,154.03.

Taiwan's Taiex scale shed earlier gains, dropping 0.1%, portion India's BSE Sensex shed 0.2%.

On Wednesday, the S&P 500 added 0.1% to 6,850.92, adjacent its all-time precocious acceptable a mates weeks ago. The Dow Jones Industrial Average jumped 0.7% to acceptable a grounds for the 2nd consecutive day, closing astatine 48,254.82. The Nasdaq composite slipped 0.3% to 23,406.46.

Advanced Micro Devices led the market, gaining 9% aft its CEO, Lisa Su, said the spot institution expects amended than 35% of yearly compounded gross maturation implicit the adjacent 3 to 5 years. She credited “accelerating AI momentum.”

Stocks benefiting from the artificial-intelligence frenzy person been shaky recently, arsenic investors question whether however overmuch much they tin adhd to already spectacular gains.

They are 1 of the apical reasons the U.S. marketplace has deed records contempt a slowing occupation marketplace and high inflation. Their prices person changeable truthful high, though, that critics accidental they’re reminiscent of the 2000 dot-com bubble, which yet burst and dragged the S&P 500 down by astir half.

Nvidia came into the time with a 4.6% driblet for the period truthful far, for example, aft its banal terms much than doubled successful 4 of the past 5 years. The biggest subordinate successful AI chips swung betwixt gains and losses passim Wednesday. Palantir Technologies, different AI darling, fell 3.6% for 1 of the day’s larger losses successful the S&P 500.

Similar questions astir priciness are dogging the of the U.S. market, though not arsenic pointedly arsenic for Big Tech and AI superstars.

In different dealings aboriginal Thursday, U.S. benchmark crude lipid fell 6 cents to $58.43 per barrel. Brent crude, the planetary standard, shed 3 cents to $62.68 per barrel.

The U.S. dollar roseate to 154.83 Japanese yen from 154.70 yen. The euro slipped to $1.1589 from $1.1594.

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AP Business Writers Stan Choe and Matt Ott contributed.