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Asian shares advance despite losses on Wall Street

AP Business Writer

Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong advanced nearly 2.5% and other benchmarks were moderately higher. Oil prices slipped. On Monday, the S&P 500 failed to hold onto an afternoon gain, losing 0.4%. The benchmark index is coming off a six-week losing streak. Tech companies were among the biggest losers, pulling the Nasdaq down 1.2%. The Dow Jones Industrial Average ended barely in the green. Spirit Airlines jumped after JetBlue said it would make a hostile offer for the budget carrier. ManTech surged after investment firm Carlyle Group said it will buy the defense contractor. 

Article Topic Follows: AP National Business

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The Associated Press


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