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Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted

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BANGKOK (AP) — Asian shares were mostly higher in thin trading Monday with many markets closed for holidays. Markets in China are closed for a weeklong holiday. Markets in South Korea also were closed. Oil prices gained and U.S. futures were higher as the threat of a U.S. federal government shutdown receded after Congress approved a temporary funding bill late Saturday to keep federal agencies open until Nov. 17. Japan’s Nikkei 225 index advanced after a central bank survey showed business confi

BANGKOK — Asian shares were mostly higher in thin trading Monday with many markets closed for holidays.federal government shutdown

On Friday, Wall Street closed out its worst month of the year with more losses. The S&P 500 slipped 0.3% to 4,288.05 and the Dow fell 0.5% tp 33,507.50. The Nasdaq composite edged 0.1% higher, to 13,219.32. Treasury yields have been climbing sharply as Wall Street accepts a new normal where the Federal Reserve is likely to keep interest rates high for longer. The Fed is trying to push still-high inflation down to its target, and its main tool of high interest rates does that by trying to slow the economy and hurting prices for investments.Friday’s economic data showed that not only was inflation a touch cooler than expected in August, so was growth in spending by U.S. consumers.

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