Stocks were broadly higher in afternoon trading Tuesday, but shares of closely watched companies like GameStop and AMC Entertainment were falling sharply.
(Colin Ziemer/New York Stock Exchange via AP)BEIJING – Asian shares opened mostly higher on Wednesday although markets in Shanghai and Hong Kong were lower.
Tokyo's Nikkei 225 rose 0.7% to 28,552.31 and the Kospi in South Korea edged 0.1% higher to 3,100.35.
Overnight, Big Tech companies and banks helped power a broad rally on Wall Street Tuesday, though shares in GameStop and other recent high-flying stocks hyped by online traders plunged.
The price of silver, which spiked 9% Monday, fueling speculation the precious metal was also being hyped up by online traders, sank by more than 10%.