Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street

It forecast that even though inflation has surpassed its 2% target, it is likely to subside. That suggests the central bank is still wary of falling back into deflation, or chronically falling prices that can sap economic growth.Hong Kong’s Hang Seng gained 0.9% to 17,816.79 and the Shanghai Composite index climbed 0.8% to 3,110.15.Australia’s S&P/ASX 200 slipped 0.2% to 7,049.20 even as the government reported a $14.

High-growth stocks are typically among the hardest hit by high rates, and Big Tech stocks took the brunt of the pain for a second straight day. Amazon fell 4.4%, Nvidia dropped 2.9% and Telsa lost 2.6%.after it said it would buy Splunk, a cybersecurity company, for roughly $28 billion in cash. Cisco fell 3.9%, while Splunk jumped 20.8%.

A 10-year Treasury is offering a yield of 4.48%, up from 4.40% late Wednesday and from only 0.50% three years ago. It’s near its highest level since 2007. However, a separate report showed manufacturing in the mid-Atlantic region is contracting by much more than expected. A third report showedManufacturing and the housing industry have felt the sting of higher interest rates in particular and have struggled more than the broad job market.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Asian Stock Market: Regional indices show a mixed performance due to investor cautionAsian markets exhibit a mixed sentiment with a negative bias as the market is cautious of the US Federal Reserve’s (Fed) hawkish tone on the interest
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »

Asian Stock Market: Trades in negative territory amid Fed’s hawkish stanceAsian stocks trade lower on Thursday amid the higher-for-longer interest rate narrative in the US following the Federal Reserve (Fed) meeting. At pres
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »

Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought.
Fuente: AP - 🏆 728. / 51 Leer más »