Shares were mostly lower in Asia on Wednesday after a decline on Wall Street as traders returned from a long holiday weekend.Crude oil prices pushed higher, adding to inflationary pressures at a time when investors are hoping to see central banks back away from interest rate hikes.
Hong Kong's Hang Seng index sank 0.8% to 18,306.24, extending losses as the market eases back from gains fueled by recent stimulus measures for the ailing Chinese property market.On Tuesday, the S&P 500 fell 0.4%, to 4,496.83, while the Dow Jones Industrial Average declined 0.6% to 34,641.97. The Nasdaq slipped 0.1% to 14,020.95, while the Russell 2000 slid 2.1% to 1,880.45.
Early Wednesday, U.S. benchmark crude oil was up 1 cent at $86.70 a barrel in electronic trading on the New York Mercantile Exchange. It gained $1.44 on Tuesday. Wall Street will also get updates on aspects of the manufacturing sector and consumer credit. DocuSign, GameStop, Dave & Buster’s and Kroger are set to report their most recent quarterly financial results this week.
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Stock market today: Asian shares fall back amid selling of China property sharesShares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry. China Vanke lost 1.2%, while Country Garden Holdings gave up 2%. Hong Kong-based Sun Hung Kai Properties shed 2.4%. Chinese services data came in weaker than expected, dulling hopes for a rebound i
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Asian Stocks Set for Cautious Open as Oil Climbs: Markets WrapAsian equity futures pointed to a cautious open for stock markets around the region on Wednesday after US shares fell and a rally in oil increased concern about inflation.
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Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,413.76, down 131.60 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Up 19 cents, or 25.68 per cent, to 93 cents on 18.8 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 39 cents, or 0.84 per cent, to $46.84 on 15.7 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 79 cents, or 0.89 per cent, to $89.12 on 13.9 million shares. Manulife Financial Corp.
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Stocks edge lower amid China data gloom: Stock market news todayStocks slipped on Tuesday, as traders weighed data showing China's economy is still struggling to recover.
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