Asia stocks mostly lower following U.S. holiday

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Analysts say worries about a slowdown and weakening demand persist in Asia, as companies cope with rising energy and raw material costs and consumers hold...

TOKYO — Asian shares were mostly lower Tuesday in quiet trading after U.S. markets were closed for Presidents Day.

Shares dropped in Tokyo, Sydney and Hong Kong but rose in Seoul and Shanghai. Analysts say worries about a slowdown and weakening demand persist in Asia, as companies cope with rising energy and raw material costs and consumers hold back on spending. “The distortions in the Australian economy remain extreme and point only to recession,” Clifford Bennett, chief economist at ACY Securities, said in a commentary.

“Regional weakness also appears to reflect skepticism about the likely strength of China’s recovery, based on the recent underperformance of Chinese equities,” said Stephen Innes, managing partner at SPI Asset Management. This week will bring updates on U.S. manufacturing and housing and minutes from the last meeting of the Federal Reserve that might provide insights into the outlook for inflation and interest rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall Street analysts are bullish on these 5 stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Meta Platforms & Wynn Resorts. Bullish. If $CMG is 1 of them they must not eat there. Was a great place 10 years ago… Top Wall Street analysts have as good a chance at picking the best stocks as your kids. Buy an index fund and call it a day.
Source: CNBC - 🏆 12. / 72 Read more »

Fed's failure to slow demand means no upside for stocks, analysts sayThe Fed has failed to slow demand - and that means no upside for stocks as policy tightens, analysts say
Source: BusinessInsider - 🏆 729. / 51 Read more »

These high-dividend stocks are expected to rally, with analysts giving one 60% upsideCNBC Pro screened for high-yielding stocks which are also analyst favorites. Artivion
Source: CNBC - 🏆 12. / 72 Read more »