Stock market today: Asian shares edge lower after Wall Street sets more records

📆 22/05/2024 2:08 a. m.
📰 AP

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Asian markets are mostly lower after U.S. stocks hit new record highs. U.S. futures and oil prices also slipped. Tokyo's Nikkei 225 fell after Japan reported that its trade deficit rose last month as rising costs for imports outpaced an 8% rise in exports from the year before. On Tuesday, the S&P 500 rose 0.3% to surpass its record set last week.

A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, May 22, 2024, in Tokyo. People wait for traffic lights in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, May 22, 2024, in Tokyo. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, May 22, 2024, in Tokyo.

Taiwan’s Taiex gained 1.5% as shares in market heavyweight Taiwan Semiconductor Manufacturing Corp. jumped 2.7%.On Tuesday, the S&P 500 rose 0.3% to 5,321.41 and surpassed its record set last week. The Nasdaq composite gained 0.2% to 16,832.62, a day after setting its latest all-time high. The Dow Jones Industrial Average climbed 0.2% to 39,872.99 and is sitting just below its high set last week.later this year as inflation cools. More reports showing big U.S.

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