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Stock market today: Asian shares mixed after calm day on Wall St

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TOKYO (AP) — Asian shares were mixed on Wednesday after U.S. stocks held relatively steady on Wall Street. U.S. futures and oil prices slipped, while the yen...

TOKYO — Asian shares were mixed on Wednesday after U.S. stocks held relatively steady on Wall Street.Tokyo's Nikkei 225 lost 1.6% to 38,202.37.The dollar rose to 155.20 Japanese yen from 154.50 yen. Japanese officials have expressed concern after the yen's value slipped to 160.25 per dollar in recent days, prompting the Ministry of Finance to intervene.

Elsewhere in Asia, Hong Kong's Hang Seng index shed 0.7% to 18,354.11 and the Shanghai Composite index gave up 0.6%, falling to 3,129.65. That could suggest investors are listening to critics who have been calling the U.S. stock market broadly too expensive following its run to records this year. For stock prices to climb further, either profits will need to grow more or interest rates will need to fall.

In other trading, U.S. benchmark crude oil fell 48 cents to $77.90 per barrel in electronic trading on the New York Mercantile Exchange. It lost 10 cents on Tuesday to $78.38 per barrel.Kevin O’Leary’s Stock Portfolio: 10 Stock Picks for 2024 Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager saysKnown as the Oracle of Omaha, Warren Buffett is one of the most successful investors of all time. He started his first investment partnership in 1956 with a few friends and family. An investment in...CALGARY — Suncor Energy Inc. says it earned $1.61 billion in the first three months of 2024, down from $2.05 billion a year earlier.

 

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