Asia markets mostly fall, eyeing inflation, earnings, growth

TOKYO — Asian shares were mostly lower on Friday after Wall Street retreated for a second day as market watchers considered earnings reports and various indicators about whether inflation is waning in the U.S. and elsewhere.

Japan’s benchmark Nikkei 225 NIK added 0.2%. Australia’s S&P/ASX 200 XJO slipped 0.7% and South Korea’s Kospi 180721 dropped 0.8%. Hong Kong’s Hang Seng HSI shed 1.8%, while the Shanghai Composite SHCOMP was down 0.6%. Producer prices fell 0.8% in January after a 0.7% decline the month before. Consumer price inflation rose to 2.1% from a 1.8% climb in December.

The S&P 500 SPX fell 0.9% to 4,081.50, while the Dow Jones Industrial Average DJIA lost 0.7% to 33,699.88. The Nasdaq composite COMP sank 1% to 11,789.58. High inflation and worries about a slowing economy have already begun to hit corporate earnings, and big U.S. companies have been reporting relatively lackluster results for the end of 2022.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Mildly offered on Fed’s hawkish guidance, oil approaches $78.00Markets in the Asian domain are witnessing a sell-off as hawkish interest rate guidance by Federal Reserve (Fed) chair Jerome Powell has escalated fea
Source: FXStreetNews - 🏆 14. / 72 Read more »

Marysville Police looking to ID 2 suspects who broke into Won's Asian MarketThe owners of Won’s Asian Market in Marysville are asking for the public’s help to identify the two suspects who broke into their store around 5:30 a.m. on Feb. 2. FOX13 Sad. Thank you Inslee/Murry Looks like a mask
Source: fox13seattle - 🏆 328. / 59 Read more »