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China reported that its consumer prices fell 0.2% from a year earlier in October while factory-gate prices declined 2.6%, suggesting demand remains slack as the economy struggles to recover from the economic disruptions of the pandemic. Hong Kong's Hang Seng lost 0.2% to 17,533.23 and the Shanghai Composite index edged less than 1 point higher, to 3,053.28.
On Wednesday, the S&P 500 edged up 0.1%, to 4,382.78. Though the gain was slight, it was enough to extend the index's winning streak to eight days. That ties its longest such winning streak since a nine-day run 19 years ago. The Fed has jacked up rates in hopes of slowing the economy and hurting investment prices enough to put downward pressure on inflation and get it back to its 2% goal.to indicate the central bank’s hikes to interest rates may be done. A recent sharp drop in oil prices has relieved some inflationary pressure, raising the likelihood the Fed might hold rates steady instead of raising them further.
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Stock market today: Asian shares mostly higher after China reports that prices fell in OctoberShares are mostly higher in Asia after a another mixed close as Wall Street recalibrates following recent big swings. China reported that its consumer prices fell 0.2% from a year earlier in October while factory-gate prices declined 2.6%. Benchmarks fell in Hong Kong, Taiwan and Bangkok and rose in Tokyo, Seoul and Shanghai.
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Stock market today: Asian shares mostly slip ahead of China-US meetingAsian shares are mostly lower in muted trading as attention focuses on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit.
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Stock market today: Asian shares mostly slip ahead of China-US meetingAsian shares are mostly lower in muted trading as attention focuses on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit. The APEC meetings in San Francisco offer an opportunity for leaders from the U.S. and China to mend troubled trade and political ties.
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Stock market today: Asian shares mostly slip ahead of China-US meetingAsian shares are mostly lower in muted trading as attention focuses on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit.
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Stock Market News Today: S&P 500 on Winning Streak; Disney Stock in FocusLive coverage of stocks, financial and economic news, including the S&P 500, Dow and Nasdaq Composite.
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