Stock market today: Asian stocks climb after Wall Street's post-election boom slows

📆 2024-11-15 1:57 AM
📰 AP

⏱ Reading Time:
53 sec. here
16 min. at publisher
📊 Quality Score:
News: 73%
Publisher: 51%

Financial Markets News

Stocks And Bonds,United States Government,General News

Asian shares are mostly higher after U.S. stocks slipped as the market’s rally following Trump’s election victory continued to cool. U.S. futures and oil prices were lower. The Nikkei 225 index rose as the yen continued dropping, fueling exporters’ sales. Japan’s third-quarter gross domestic product grew 0.

FILE - A person looks at an electronic stock board showing Japan’s Nikkei index at a securities firm Wednesday, Nov. 13, 2024, in Tokyo. FILE - Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Nov. 12, 2024. FILE - A person looks at an electronic stock board showing Japan’s Nikkei index at a securities firm Wednesday, Nov. 13, 2024, in Tokyo.

The Hang Seng in Hong Kong added 0.3% to 19,486.97 and the Shanghai Composite index dropped 0.4% to 3,367.94 after a report from the National Bureau of Statistics on Friday showed the nation’s retail sales rose 4.8% year-on-year in October, beating forecasts. But industrial output slowed from the previous month and improvements in the property industry were marginal.Wall Street drifts near record highs after an in-line inflation reportset on Monday. The Dow Jones Industrial Average dropped 0.

Smaller stocks also fell harder than the rest of the market, and the Russell 2000 index of small stocks lost 1.4%. It’s a turnaround from the election’s immediate aftermath, when the thought was that an “America First” president would benefit domestically focused companies more than big multinationals that could be hurt by tariffs and trade wars.and comments from Federal Reserve Chair Jerome Powell.

The two-year Treasury yield, which closely tracks expectations for Fed action, rose to 4.35% from 4.28% late Wednesday.

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:

Write Comment

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.

Stock market today: Asian shares mostly decline, shrugging off Wall Street's overnight rallyTOKYO (AP) — Asian shares were trading mostly lower Tuesday, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as president.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian markets mostly fall after Wall Street logs 3rd loss in a rowShares are mostly lower in Asia after a third straight day of losses on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayShares are mixed in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump tradeAsian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly decline, shrugging off Wall Street's overnight rallyAsian shares are trading mostly lower, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as president.
Source: ksatnews - 🏆 442. / 53 Read more »