Asian markets mostly up

25 April, 2019 12:00 AM printer

HONG KONG: Asian markets mostly rose Wednesday following a record-breaking close on Wall Street that was fuelled by strong earnings from US big-hitters, but investors held back from firing a full-on rally. The S&P 500 and Nasdaq scaled all-time highs while the Dow came close after a string of better-than-forecast results from the likes of Coca-Cola, Twitter and Lockheed Martin added to a raft of other recent reports that suggest the economy is in rude health, reports AFP. Markets welcomed “a really great string of earnings reports, most of them outpacing expectations, as well as some pretty good commentary on future estimates from CEOs”, Jim Paulsen, chief investment strategist at Leuthold Weeden, told Bloomberg News. “There’s quite a bit of positivity carrying this to new highs.” However, while Asian dealers were generally upbeat they were unable to capitalise on the Wall Street performance, with major indexes shifting in and out of positive territory through the day.