World shares mostly climb as tech shares lead Wall Street to more
records
[October 03, 2025] By
TERESA CEROJANO
MANILA, Philippines (AP) — World shares mostly climbed on Friday after
U.S. stocks rose to more records on heavy buying of technology shares.
The futures for S&P 500 and the Dow Jones Industrial Average both added
more than 0.2%.
Markets have largely shrugged off the shutdown of the U.S. government
after Democrat and Republican lawmakers failed to reach agreement on
funding.
U.S. President Donald Trump and congressional leaders were not expected
to meet again soon and the Democrats have held fast to their demands to
preserve health care funding, warning of price spikes for millions of
Americans nationwide.
In early European trading, Germany's DAX edged up 0.1% to 24,451.76.
Britain's FTSE 100 rose more than 0.5% to 9,478.57. In Paris, the CAC 40
advanced 0.3% to 8,080.91.
In Asia, Japan’s Nikkei 225 closed nearly 1.9% higher at 45,769.50 as
tech stocks gained despite data showing Japan’s unemployment rate rose
2.6% in August, the highest in 13 months and above the expected 2.4%.
Shares in Hitachi jumped 10.3% after it signed a memorandum of
understanding with OpenAI to provide cooling systems for its data
centers.
Stocks in the computer chip and artificial-intelligence industries also
have climbed this week after OpenAI announced partnerships with South
Korean companies for Stargate, a $500 billion project aimed at building
AI infrastructure.
Stock exchanges in China and South Korea were closed Friday for
holidays.
Hong Kong’s Hang Seng won back some earlier losses, ending 0.5% down to
27,140.92 as traders sold to lock in profits from Thursday’s gains.
Australia’s S&P/ASX 200 added nearly 0.5% to 8,987.40. India’s BSE
Sensex rose less than 0.1%, while Taiwan’s Taiex edged 0.9% higher.
Thursday on Wall Street, the S&P 500 added 0.1% to its all-time high set
the day before, closing at 6,715.35. The Dow Jones Industrial Average
rose 0.2% to 46,519.72, and the Nasdaq composite climbed 0.4% to
22,844.05.
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Financial information is displayed as traders work on the floor at
the New York Stock Exchange in New York, Wednesday, Oct. 1, 2025.
(AP Photo/Seth Wenig)
 The government shutdown means this
week’s usual report on jobless claims was delayed. An even more
consequential report, Friday’s monthly tally of jobs created and
destroyed across the economy, will likely also not arrive on
schedule.
That increases uncertainty when much on Wall Street is riding on
investors’ expectation that the job market is slowing by enough to
convince the Federal Reserve to keep cutting interest rates, but not
by so much that it leads to a recession.
So far, the U.S. stock market has looked past the delays of such
data. Shutdowns of the U.S. government have tended not to hurt the
economy or stock market much, and the thinking is that this one
could be similar, even if Trump has threatened large-scale firings
of federal workers this time around.
That left corporate announcements as the main drivers of trading
Thursday.
Excitement around AI and the massive spending underway because of it
are a major reason the U.S. stock market has hit record after
record, along with hopes for easier interest rates. But AI stocks
have become so dominant, and so much money has poured into the
industry that worries are rising about a potential bubble that could
eventually lead to disappointment for investors.
Still, Advanced Micro Devices climbed 3.5%, and Broadcom gained
1.4%. Nvidia’s 0.9% rise was the strongest single force pushing the
S&P 500 upward.
In other dealings on Friday, benchmark U.S. crude added 77 cents to
$61.25 per barrel. Brent crude, the international standard, rose 76
cents to $64.87 per barrel.
The U.S. dollar climbed to 147.41 Japanese yen from 147.26 yen. The
euro edged up to $1.1737 from $1.1717.
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