FILE - A person looks at an electronic stock board showing Japan's stock prices at a securities firm Friday, March 1, 2024, in Tokyo. Asian shares mostly rose Wednesday, March 13, encouraged by a record rally on Wall Street that was led by technology companies. – Global shares were mixed in muted trading Wednesday as optimism set off by a record rally on Wall Street gradually ran out of momentum.
Australia's S&P/ASX 200 rose 0.2% to 7,729.40 and South Korea's Kospi gained 0.4% to 2,693.57. But Japan’s benchmark Nikkei 225 lost its morning gains to finish at 38,695.97, slipping 0.3%.0.4% to 3,043.83. In currency trading, the U.S. dollar rose slightly to 147.78 Japanese yen from 147.63 yen. The euro cost $1.0933, inching up from $1.0930.
“Economic data has further validated the BoJ’s stance, with markets witnessing higher-than-expected Japan's wage growth for January, while Japan’s economy managed to skirt a technical recession in its updated fourth quarter gross domestic product,” said Yeap Jun Rong, market analyst at IG.were close to expectations, and traders held on to hopes that the longer-term trend downward means the Federal Reserve will begin rate cuts in June.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: AP - 🏆 728. / 51 Read more »
Source: ksatnews - 🏆 442. / 53 Read more »
Source: wjxt4 - 🏆 246. / 63 Read more »