Stock market today: Asian shares are mixed after Wall Street suffers worst loss since Election Day

FILE - A passerby moves past an electronic stock board showing Japan’s stock prices outside a securities firm in Tokyo, on Oct. 11, 2024. FILE - A person stands near an electronic stock board showing Japan’s Nikkei index at a securities firm in Tokyo, on Sept. 18, 2024. Trader Robert Charmak works on the floor of the New York Stock Exchange, Friday, Nov. 8, 2024. FILE - A passerby moves past an electronic stock board showing Japan’s stock prices outside a securities firm in Tokyo, on Oct.

The dollar inched up to 154.58 Japanese yen from 154.54 yen late Friday. It had been trading above 156 yen last week. Elsewhere in Asia, Australia’s S&P/ASX 200 edged 0.2% higher, to 8,300.20. Taiwan’s Taiex lost 0.9% and the SET in Bangkok picked up 0.8% as the government announced that Thailand’s economy grew more than expected in the last quarter.Gold is suddenly not so glittery after Trump’s White House victory

Biotech stocks broadly sank to some of the market’s worst losses, but the sharpest drop in the S&P 500 came from Applied Materials. It fell 9.2% as it forecast a range of future revenue below analysts’ expectations, even though it reported a stronger-than-anticipated profit for the latest quarter.

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