Posted 12/28/2023, 9:26:11 AM
Asian Stocks Rally While Europe, US Trade Mixed After Wall Street Gains
- European and U.S. stock indexes were mixed in early trading following slight gains on Wall Street
- Asian markets rallied strongly, led by big gains in Hong Kong and Shanghai
- Tokyo's Nikkei fell as investors speculate over potential shifts in Bank of Japan monetary policy
- Alibaba stock rose despite lawsuit over alleged sales of counterfeit toys
- Oil prices declined, with U.S. benchmark crude dropping 66 cents to $73.45 per barrel