10/11/2025
10/11/2025
BANGKOK, Nov 10, (AP): Shares advanced in Europe and Asia on Monday as tentative moves by the U.S. Senate to end the federal government shutdown pushed US futures higher. The Senate voted late Sunday, in a test vote that begins a series of procedural maneuvers, to move toward passing compromise legislation to fund the federal government, though final passage could be several days away if Democrats object and delay the process.
The Senate may hold a vote by mid-December on extending expiring health care tax credits, the key sticking point. Hopes for an end to the shutdown, the longest ever, pushed the future for the S&P 500 up 0.7%. The future for the Dow Jones Industrial Average gained 0.1%. Germany's DAX gained 1.4% to 23,891.71 and the CAC 40 in Paris jumped 0.9% to 8,024.23.
Britain's FTSE 100 rose 0.5% to 9,729.77. Monday's gains were led by a rebound in technology shares as investors' alarm over the runup in stock prices related to the craze for artificial intelligence appeared to calm. South Korea’s Kospi led the gains in Asia, adding 3% to 4,073.24. Computer chip maker SK Hynix, which is cooperating with Nvidia on artificial intelligence, surged 4.5%.
Its bigger rival, Samsung Electronics, was up 2.8%. Tokyo's Nikkei 225 added 1.3% to 50,911.76, lifted by big gains for AI related shares such as chip maker Tokyo Electron, which surged 4.3%. The Hang Seng in Hong Kong rose 1.6% to 26,649.06 and the Shanghai Composite index climbed 0.5% to 4,018.60. Australia's S&P/ASX 200 picked up 0.8% to 8,835.90.
Taiwan's Taiex jumped 0.8%, while the Sensex in India gained 0.4%. On Friday, stock indexes closed mixed on Wall Street, clocking their first weekly loss in the last four. The S&P 500 inched 0.1% higher and the Dow Jones Industrial Average added 0.2%.
The technology-heavy Nasdaq fell as much as 2.1%, but recovered most of its losses, shedding 0.2%. Major indexes wobbled throughout most of the week, weighed down by technology stocks, especially several big names with huge valuations that give them outsized influence over the direction of the market. Google's parent company, Alphabet, fell 2.1% and Broadcom fell 1.7%.
