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Stock market today: Asian shares mostly slip ahead of China-US meeting

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Asian 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.

A currency trader passes by the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won, center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Nov. 8, 2023. Asian shares were mixed in muted trading on Wednesday as attention focused on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit.

“Today’s rating action reflects Moody’s expectation that Japan’s capacity to carry its very large debt burden remains intact, underpinned by the retention of its formidable credit strengths, including robust domestic liquidity driven by the continued growth of private sector savings,” it said. The Dow Jones Industrial Average rose 0.2% to 34,152.60, and the Nasdaq composite gained 0.9% to 13,639.86.

 

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