Stock market today: Asian benchmarks dip after Wall Street's mixed finish

TOKYO — Asian shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish.The value of the U.S. dollar has increased against peers in the past when expectations for a Trump reelection have strengthened, among other moves that have come to be known as part of the “Trump trade,” due in part to his calling for tariffs.

South Korea’s Kospi slipped 0.2% to 2,517.44 after data showed the seasonally adjusted unemployment rate in the nation edged down to 2.4% in August 2024 from 2.5% in July, the lowest in a year as the number of unemployed people declined. In the bond market, Treasury yields eased. The yield on the 10-year Treasury fell to 3.64% from 3.70% late Monday.

Economists expect the latest report on inflation to show prices for U.S. consumers were 2.6% higher in August than a year earlier. That would be a slowdown from July’s inflation rate of 2.9% Who are Dave Grohl’s wife and children? Foo Fighters frontman reveals birth of daughter ‘outside of marriage’During the ABC News Presidential Debate, Vice President Kamala Harris confronted former President Donald Trump about comments he has made regarding her Indian-Jamaican heritage.Williams was competing in a crowded race for the nomination. With 58% of precincts reporting, Williams had 34% of the vote, compared to 27% for Vikram Mansharamani and 17% for Bill Hamlen.

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