News Formal

Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024

  • 📰 AP
  • ⏱ Reading Time:
  • 38 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 51%

China News

Financial Markets,General News,Federal Reserve System

Asian stocks are mixed with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records. Hong Kong’s Hang Seng dropped on Monday after data released over the weekend showed a slowdown in China’s economy in August.

FILE - A person looks at an electronic stock board showing Japan’s Nikkei index at a securities firm in Tokyo, on Sept. 9, 2024. FILE - A currency trader passes by a screen showing the Korea Composite Stock Price Index , top center left, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Sept. 4, 2024. FILE - A person looks at an electronic stock board showing Japan’s Nikkei index at a securities firm in Tokyo, on Sept. 9, 2024.

“The drums of a deepening economic slowdown are beating louder, and it’s time for China’s leadership to decide whether to step up or risk sliding further into stagnation,” Stephen Innes of SPI Asset Management said in a commentary.Markets in Japan, mainland China and South Korea were closed for a holiday.

The Dow Jones Industrial Average jumped 0.7% to 41,393.78 and the Nasdaq composite added 0.7% to 17,683.98. How much to cut rates by will be a delicate balancing act for the Fed: Lowering them relieves pressure on the economy but can also give inflation more fuel. Reportsshowed some underlying upward pressure may remain on inflation, which initially pushed traders to ratchet back expectations for the size of the Fed’s upcoming move.

 

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:

 /  🏆 728. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024Asian stocks are mixed with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish. Benchmarks fell early Wednesday in Tokyo, Seoul, Sydney, Hong Kong and Shanghai. Investors were watching for any market impact from the debate between Vice President Kamala Harris and former President Donald Trump. The U.S.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: ksatnews - 🏆 442. / 53 Read more »