Stock market today (June 4, 2024): Asian shares decline after report shows US manufacturing contracted in May

Asian shares retreated on Tuesday after a report showed that U.S. manufacturing contracted in May, in the latest sign the economy is slowing.Japan’s Nikkei 225 index lost 0.5% to 38,749.25 and the Kospi in Seoul was down 0.4% at 2,672.43. Hong Kong’s Hang Seng was the outlier, gaining 0.1% to 18,413.20, while the Shanghai Composite index edged 0.1% lower to 3,075.09.On Monday, U.S. stocks drifted to a mixed finish.

Analysts questioned the significance of the report, given that the indicator has been declining for most of the past two years. Stocks of companies whose profits are most closely tied to the strength of the economy dropped to the market’s worst losses. That included the oil-and-gas industry, as the price of crude tumbled on worries about weaker demand growth for fuel.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today (June 3, 2024): World shares start June mostly higher following Wall St rallyWorld shares began June mostly higher after a report showing that inflation in the U.S. is not worsening drove a rally on Wall Street. In early trading Monday, Germany's DAX advanced 1% to 18,728.00 and the CAC 40 in Paris climbed 0.6% to 8,040.94. Britain's FTSE 100 added 0.
La source: BusinessMirror - 🏆 19. / 59 Lire la suite »

Stock market today (May 13, 2024): Asian stocks drift after Wall Street closes another winning weekHONG KONG — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil prices fell. The release of weak Chinese lending data and news that the U.S.
La source: BusinessMirror - 🏆 19. / 59 Lire la suite »