Stock market today: Asian shares are mixed as Japan’s Nikkei 225 hits a new high, with eyes on Fed |
In Hong Kong, the Hang Seng index slipped 0.2% to 17,484.85, while the Shanghai Composite index gave up 0.6% to 2,940.88. In Seoul, the Kospi was nearly unchanged at 2,867.99. Taiwan’s Taiex gained 0.5% while India’s Sensex lost 0.7%. Stocks have been gaining ground steadily over the last several months and that has helped push the S&P 500 to 36 records so far this year.notably in the past two years, though it remains above the central bank’s 2% target. He also noted that there’s a risk in the Fed moving to cut interest rates too late or too little, warning either scenario could end up weaking the economy and job market.
Treasury yields rose slightly in the bond market. The yield on the 10-year Treasury note edged up to 4.30% from 4.28% late Monday. The rate is hovering around 3% and continues exerting pressure on consumers, especially those with lower incomes.
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