People walk past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, Nov.1, 2023 in Tokyo. Asian shares were mostly higher Wednesday after Wall Street advanced to claim back some of the ground it gave up in another losing month. People walk past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, Nov. 1, 2023 in Tokyo.
The dollar weakened against the Japanese yen, trading at 151.28 yen. It jumped on Tuesday after the Japanese central bank’s decision.Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelinesIn Hong Kong, the Hang Seng edged less than 0.1% higher, to 17,126.70. The Shanghai Composite index gained 0.1% to 3,023.08.that has been wearing on European consumers fell sharply to 2.
More than 80% of the stocks in the S&P 500 strengthened. It closed October with a loss of 2.2% for the month. That’s its third straight monthly drop, the longest losing streak since the COVID-19 pandemic froze the global economy at the start of 2020. Most big U.S. companies have reported stronger profit for the summer than expected, and Caterpillar also joined them. But the heavy machinery maker’s stock sank 6.7% after analysts focused on a slowdown in orders and growing inventories at dealers.
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