Stock market today: Asian shares are mixed after Big Tech losses pull Wall Street lower

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A sign marking the intersection of Wall Street and South Street is shown in New York's Financial District on Tuesday, Nov. 26 2024. – Shares were mixed Thursday in Asia after stocks on Wall Street retreated, weighed down by losses for technology shares.The Bank of Korea cut its key rate by a quarter percentage point to 3% and lowered its outlook for the country’s economic growth from to 2.2% from 2.4% for this year and to 1.9% from 2.1% for 2025.Hong Kong's Hang Seng index lost 1.

HP sank 11.4% after giving investors a weaker-than-expected earnings forecast for its current quarter. Dell slid 12.2% after its latest quarterly revenue fell short of Wall Street forecasts. Consumers have been driving economic growth, but the latest round of earnings reports from retailers shows a mixed and more cautious picture.

Overall, inflation has been falling broadly since it peaked more than two years ago. The PCE, which is the Federal Reserve's preferred measure of inflation, was just below 7.3% in June of 2022. Another measure of inflation, the consumer price index, peaked at 9.1% at the same time.

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Stock market today: Asian shares are mixed after Big Tech losses pull Wall Street lowerShares are mixed in Asia after losses for big technology stocks pulled major indexes lower on Wall Street. Tokyo advanced while markets in China declined. South Korea's central bank cut its benchmark interest rate to relieve pressure on the economy. On Wednesday, the S&P 500 fell 0.4% and the Dow Jones Industrial Average slipped 0.3%.
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Stock market today: Asian shares are mixed after Big Tech losses pull Wall Street lowerShares are mixed in Asia after losses for big technology stocks pulled major indexes lower on Wall Street.
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Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayShares are mixed in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D.
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Stock market today: Asian shares meander, tracking Wall Street's mixed finish as dollar surgesShares are mixed in Asia after a lackluster finish on Wall Street following a report showing an uptick in inflation in the U.S. last month. The dollar was trading at 156 Japanese yen. On Wednesday, the S&P 500 ended little changed and the Dow Jones Industrial Average edged up 0.1%. The Nasdaq composite slipped 0.3%.
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Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayShares are mixed in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D.
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Stock market today: Asian shares meander, tracking Wall Street's mixed finish as dollar surgesShares are mixed in Asia after a lackluster finish on Wall Street following a report showing an uptick in inflation in the U.S. last month.
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