HONG KONG — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve.Chinese data for January-February were mixed, with property investment falling while other indicators showed improvement.
The Hang Seng in Hong Kong was flat at 16,720.40, and the Shanghai Composite index gained 0.5% to 3,069.67. Technology stocks retreated. Software maker Adobe slumped 13.7% after giving investors a weak revenue forecast. Microsoft fell 2.1% and Broadcom lost 2.1%. A closely-watched report from the University of Michigan showed that consumer sentiment unexpectedly fell in March.
Other reports this week showed some softening in the economy, which bolstered hopes for a continued long-term easing of inflation.
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:
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.
Stock market today: Asian stocks gain ahead of US and Japan rate decisionsHONG KONG (AP) — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve. Oil prices and U.S...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%BEIJING (AP) — Asian shares were mostly lower on Monday after Wall Street’s huge rally faltered last week. Japan’s Nikkei 225 index shed 2.5% to 38,704.10...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Shares to Fall After US Stock, Bond Selloff: Markets WrapStocks are ending the week on a muted note after the latest US inflation data weakened the case for imminent Federal Reserve rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock market today: US stocks fall as tech, rate-cut doubts creep inUncertainty over Fed interest rate cuts and the continued strength of tech stocks has brought caution to the market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks little changed following record-setting weekStocks are stacking up gains again after Nvidia results sparked a global rally that has the chipmaker eyeing a $2 trillion valuation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »