Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near record

TOKYO — Stocks in Asia traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record.

Japan's benchmark Nikkei 225 rose 0.4% to 38,229.11, while Australia's S&P/ASX 200 rose 0.5% to 7,761.90. South Korea's Kospi added 0.8% to 2,733.06.Hong Kong's Hang Seng jumped 2.1% to 18,918.54, while the Shanghai Composite edged 0.2% higher, to 3,160.61.“Despite efforts, China has grappled with consumer deflation for about a year, presenting a formidable challenge that Beijing has yet to overcome,” said Stephen Innes, managing partner at SPI Asset Management.

Equinix jumped 11.5% after reporting stronger profit for the latest quarter than analysts expected. The company, which runs data centers around the world, also said an independent investigation led by its board found no accounting inconsistencies or errors that would require financial restatements. Earlier, an investment firm had accused it of “major accounting manipulation.”Yeti Holdings rose 12.

said last week that the central bank remains closer to cutting its main interest rate than hiking it, despite a string of Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cash this quarter, and shrugged off dollar worries.CALGARY — Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed Trans Mountain pipeline expansion to Pacific markets.

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