Stock market today: Asian shares slide, with Korean benchmark down 2.5%, after Wall St hits records

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Financial Markets Nouvelles

Yoon Suk Yeol,South Korea,Inflation

Shares are mostly lower in Asia, with South Korea's benchmark down 2.3%, after U.S. stocks rose to records on Friday. South Korea's political situation remained volatile as local media reported that the police were considering imposing an overseas travel ban on President Yoon Suk Yeol.

A person walks in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Monday, Dec. 9, 2024, in Tokyo. People walk in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Monday, Dec. 9, 2024, in Tokyo. A person looks at an electronic stock board showing Japan’s Nikkei index at a securities firm Monday, Dec. 9, 2024, in Tokyo. FILE - A woman and dog cross Wall Street in New York’s Financial District on Nov. 19, 2024.

Tokyo’s Nikkei 225 index edged 0.2% higher, to 39,161.10 as the Japanese yen gained against the U.S. dollar. The dollar was trading at 149.94 yen early Monday, down from 150.07 yen. Traders are increasingly expecting the Bank of Japan to raise interest rates to help counter the yen’s prolonged slump against the dollar and keep price increases under control.Wall Street parties like it’s 1998 as AI fuels gains unmatched since dot-com eraIn Australia, the S&P/ASX 200 fell 0.2% to 8,400.80.

Retailers overall have been offering mixed signals on how resilient U.S. shoppers can remain amid the slowing job market and still-high prices.A report on Friday suggested sentiment among U.S. consumers may be improving more than economists expected. The preliminary reading from the University of Michigan’s survey hit its highest level in seven months.

In tech, Hewlett Packard Enterprise jumped 10.6% for one of the S&P 500’s larger gains after reporting stronger profit and revenue than expected. Tech stocks were some of the market’s strongest this week, as Salesforce and other big companies talked up how much of a boost they’re getting from theU.S. benchmark crude oil gained 31 cents to $67.51 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, lost 7 cents to $71.05 per barrel.

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Stock market today: Global stocks mixed, Kospi down 1.4%, as South Korea's political drama calmsWorld stocks are mixed after overnight political drama in South Korea added to regional uncertainties.
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