BANGKOK — Shares were mostly higher in Asia on Thursday after a another mixed close on Wall Street where benchmarks have been recalibrating following recent big swings.
Falling prices have raised worries that China may fall into a bout of deflation, or chronically lower prices, but some analysts say much of the weakness recently is due to a decline in the cost of pork, a staple item for Chinese. In Tokyo, the Nikkei 225 index jumped 1.5% to 32,646.46 after Prime Minister Fumio Kishida told local reporters he had decided against calling an election before the end of the year.
The Dow Jones Industrial Average slipped 0.1% to 34,112.27, and the Nasdaq composite rose 0.1% to 13,650.41.American Airlines, Delta Air Lines and United Airlines were also toward the front of the market, each gaining more than 2% as oil prices continued to drop and ease the pressure on fuel costs. The price for a barrel of U.S. crude oil has fallen from above $90 to back to where it was in July, and it dropped another $2.04 to settle at $75.33 on Wednesday. Brent crude, the international standard, fell $2.07 to $79.54.has raised concerns about potential disruptions to supplies, causing prices to swing. But now the focus is on faltering demand given slowing growth in many economies, particularly in China.
'Crisis is assured': Famed investor Peter Schiff says US rates will remain 'much higher, forever' — here's what that could mean for youNo matter how resilient a stock is, it may suffer a performance drop during a recession simply because of negative sentiment, but this may not extend to its dividends. The post Recession-Proofing With Dividends: Canadian Picks That Stand the Test of Time appeared first on The Motley Fool Canada.
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