{"id":122430,"date":"2026-02-04T09:47:06","date_gmt":"2026-02-04T09:47:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/122430\/"},"modified":"2026-02-04T09:47:06","modified_gmt":"2026-02-04T09:47:06","slug":"asian-shares-gained-and-gold-and-silver-climb-higher-after-a-retreat-on-wall-st-ap-business","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/122430\/","title":{"rendered":"Asian shares gained and gold and silver climb higher after a retreat on Wall St | Ap-business"},"content":{"rendered":"

HONG KONG (AP) \u2014 Asia shares traded mostly higher on Wednesday despite a retreat on Wall Street on selling of technology stocks<\/a>, while gold and silver continued to regain ground after a recent sell-off.<\/p>\n

U.S. futures edged higher and oil prices advanced. The future for the S&P 500 edged up 0.2%, while that for the Dow Jones Industrial Average rose 0.3%.<\/p>\n

Tokyo\u2019s Nikkei 225 dropped 0.8% to 54,293.36, falling back from a record high set Tuesday. Shares of chipmaker Tokyo Electron fell 2.1%, while testing equipment maker Advantest also lost 2.1%. SoftBank Group shed 2.2%.<\/p>\n

Shares of Nintendo plunged 11%, even as the Japanese video-game maker posted strong profits on Tuesday, as investors and analysts expressed concern about whether sales momentum can be maintained<\/a> for the Switch 2 game console that was rolled out last year.<\/p>\n

South Korea\u2019s Kospi gained 1.6% to 5,371.10. Samsung Electronics rose nearly 1%, while chipmaker SK Hynix dropped 0.8%.<\/p>\n

The index has been setting records nearly daily.<\/p>\n

Hong Kong\u2019s Hang Seng edged 0.1% higher to 26,868.97. The Shanghai Composite index gained 0.9% to 4,099.54.<\/p>\n

In Australia, the S&P\/ASX 200 closed 0.8% higher at 8,927.80.<\/p>\n

Taiwan\u2019s Taiex gained 0.3%, while India’s Sensex slipped 0.1%.<\/p>\n

Gold and silver prices gained on Wednesday, as investors continued to shift funds into safe haven assets over concerns over geopolitical tensions, a weaker U.S. dollar and tariff uncertainties.<\/p>\n

Gold rose 3.3%, while the price of silver jumped 7.3%. They have bounced back after tumbling in recent days.<\/p>\n

\u201cAfter plunging from record highs amid elevated volatility, precious metals attracted renewed buying interest,\u201d ING Bank analysts Warren Patterson and Ewa Manthey wrote in a note.<\/p>\n

\u201cSafe haven demand is among factors that will remain supportive of gold prices over the medium term,” they said.<\/p>\n

On Tuesday, the S&P 500 dropped 0.8% to 6,917.81. The Dow Jones Industrial Average fell 0.3% to 49,240.99. The Nasdaq composite shed 1.4% to 23,255.19.<\/p>\n

Nvidia, one of the world\u2019s most valuable companies, fell 2.8%. Shares of Microsoft fell 2.9%. Investors have been rotating in and out of technology-related stocks on concerns over whether their shares were being overvalued and if their heavy spending on artificial intelligence investments will pay off.<\/p>\n

PayPal sank 20.3% following weaker-than-expected results<\/a> for the latest quarter. Pfizer dipped 3.3%, despite stronger-than-expected quarterly profit results.<\/p>\n

In other dealings early Wednesday, U.S. benchmark crude oil gained 36 cents to $63.57 per barrel. Brent crude, the international standard, rose 25 cents to $67.58 per barrel. Oil prices were firmer partly due to tensions resurfacing between the U.S. and Iran after a U.S. Navy fighter jet shot down an Iranian drone<\/a> flying close to a U.S. aircraft carrier, analysts at ING Bank said.<\/p>\n

The U.S. dollar rose to 156.46 Japanese yen from 155.77 yen. The euro was trading at $1.1830, up from $1.1818.<\/p>\n

AP Business Writer Stan Choe contributed.<\/p>\n

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG (AP) \u2014 Asia shares traded mostly higher on Wednesday despite a retreat on Wall Street on…\n","protected":false},"author":2,"featured_media":122431,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[66,288,40449,1725,2200,417,1905,9,11,10,17646,1724,53567,421,420,1076],"class_list":["post-122430","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-artificial-intelligence","tag-business","tag-commodity-markets","tag-financial-markets","tag-financial-services","tag-general-news","tag-information-technology","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-semiconductor-manufacturing","tag-stocks-and-bonds","tag-stocks-markets-gold-silver-oil-trump","tag-u-s-news","tag-washington-news","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/122430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=122430"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/122430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/122431"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=122430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=122430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=122430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}