Stock market today: Asian shares gain despite Wall Street's tech-led retreat

Asian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of the year.Tokyo's Nikkei 225 climbed 0.3% to 38,079.70 and the Hang Seng in Hong Kong gained 1.3% to 16,468.07.South Korea's Kospi led the region's gains, surging 2.2% to 2,642.02.On Wednesday, the S&P 500 lost 0.6%, to 5,022.21. It's down 4.4% since setting a record late last month.

High interest rates hurt prices for investments and increase the risk of a recession, but Fed officials are concerned after a string of reports this year has shownTraders are now mostly expecting just one or two cuts to interest rates from the Federal Reserve this year, according to data from CME Group. That’s down from forecasts for

On the winning side of Wall Street was Omnicom Group. It rose 1.6% after reporting stronger profit for the latest quarter than analysts expected. The marketing and communications company highlighted growth trends in most markets around the world, outside the Middle East and Africa. Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his “whole nest egg,” he said.

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 shares trading mixed after Wall Street’s momentum coolsTOKYO (AP) — Asian shares were mixed in muted trading Tuesday, as buying in some markets was soon erased by profit-taking. Japan's benchmark Nikkei 225...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares trade mixed after Wall Street closes near record finishTOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares trade mixed after Wall Street closes near record finishTOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mixed after another Wall Street record dayBANGKOK (AP) — Stocks were mixed Friday in Asia after Wall Street tapped fresh records, led by big gains in chipmakers. Japan’s Nikkei 225 topped 41,000 for ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares rise after Wall Street rallies to recordsTOKYO (AP) — Asian benchmarks were mostly higher on Thursday after U.S. stocks rallied to records following the Federal Reserve’s i ndication that it expects...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateHONG KONG (AP) — Asia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »