News Formal

Asian Stocks Mixed Amid Oil Gains; Yen Climbs: Markets Wrap

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

(Bloomberg) -- Asian stocks traded mixed on Wednesday after US shares fell and a rally in oil increased concern about inflation.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured OutBillion-Dollar Corporate Bond Deals Hit Treasuries: Markets WrapUnited Airlines Resumes US Flights After Temporary Grounding on Tech IssueBenchmark inde

Benchmark indexes were higher at the open in Japan, but slipped in Australia and fluctuated in South Korea. Contracts for Hong Kong’s Hang Seng Index added just 0.1% and those for US shares edged lower. The S&P 500 ended below 4,500 Tuesday while an index of small caps slid about 2% and a gauge of homebuilders sank 5.5%.

The dollar weakened slightly early Wednesday after rising the previous session as US yields increased. Fed Governor Christopher Waller said policymakers can afford to “proceed carefully” with tightening given recent data showing inflation continuing to ease. “There is nothing that is saying we need to do anything imminent anytime soon,” Waller told CNBC. Meantime, Fed Bank of Cleveland President Loretta Mester said the central bank may need to raise rates “a bit higher,” but stopped short of saying what officials should do at their next meeting.

 

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:

 /  🏆 47. 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.

Asian Stocks Set for Cautious Open as Oil Climbs: Markets WrapAsian equity futures pointed to a cautious open for stock markets around the region on Wednesday after US shares fell and a rally in oil increased concern about inflation.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Set to Fall as China Property in Focus: Markets WrapAsian stocks are set to open lower Tuesday, as traders return their focus to China’s efforts to halt its economic malaise after markets in the US were shut for the US Labor Day holiday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Fall as China Property Back in Focus: Markets Wrap(Bloomberg) -- Asian stocks edged lower as traders returned their focus to China’s efforts to halt its economic malaise after markets in the US were shut for the US Labor Day holiday.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketStocks Cede China-Led Gains in Thin Holiday Trade: Markets WrapStocks opened lower in South Korea after inflati
Source: YahooFinanceCA - 🏆 47. / 63 Read more »