Stock market today: Global shares mostly decline after Nasdaq ticks to a record high

A person walks past an electronic stock board showing Japan's Nikkei 225 index, center, at a securities firm Tuesday, May 21, 2024 in Tokyo. Asian shares mostly fell Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia. – Global shares retreated Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia.

In Asian trading, Japan's benchmark Nikkei 225 fell 0.3% to 38,946.93. Australia's S&P/ASX 200 lost 0.2% to 7,851.70. South Korea's Kospi fell 0.7% to 2,724.18. Hong Kong's Hang Seng dove 2.1% to 19,220.62, while the Shanghai Composite shed 0.4% to 3,157.97. “The overall outlook of a tepid economic recovery remains unchanged, with the expansion supported by enhanced policy stimulus, strengthening external demand and gradually improving private-sector confidence,” it said in a report.this year as inflation cools. More reports showing big U.S. companies are earning fatter profits than expected also boosted stock prices.in the right direction following a discouraging start to the year.

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