A person looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, May 17, 2024, in Tokyo. China’s central bank said Friday that it was reducing required down payments for housing loans and cutting interest rates for first and second home purchases, among other moves. The announcements came after officials in Beijing reported persisting weakness in the economy, especially in the real estate industry.Hong Kong's Hang Seng jumped 0.7% to 19,512.
Walmart's strength could be an encouraging signal for the broader economy. Worries have been rising about whether U.S. households can keep up with still-high inflation and more expensive credit-card payments, particularly households at In other trading early Friday, benchmark U.S. crude oil was up 33 cents at $79.56 per barrel. Brent crude, the international standard, added 50 cents to $83.77 per barrel.
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Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedMarkets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Shares fell in Shanghai after China's central bank left its 1 and 5-year lending rates unchanged.
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