Asia stocks mostly lower following U.S. holiday

TOKYO — Asian shares were mostly lower Tuesday in quiet trading after U.S. markets were closed for Presidents Day.

Shares dropped in Tokyo, Sydney and Hong Kong but rose in Seoul and Shanghai. Analysts say worries about a slowdown and weakening demand persist in Asia, as companies cope with rising energy and raw material costs and consumers hold back on spending. “The distortions in the Australian economy remain extreme and point only to recession,” Clifford Bennett, chief economist at ACY Securities, said in a commentary.

“Regional weakness also appears to reflect skepticism about the likely strength of China’s recovery, based on the recent underperformance of Chinese equities,” said Stephen Innes, managing partner at SPI Asset Management. This week will bring updates on U.S. manufacturing and housing and minutes from the last meeting of the Federal Reserve that might provide insights into the outlook for inflation and interest rates.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Top Wall Street analysts are bullish on these 5 stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Meta Platforms & Wynn Resorts. Bullish. If $CMG is 1 of them they must not eat there. Was a great place 10 years ago… Top Wall Street analysts have as good a chance at picking the best stocks as your kids. Buy an index fund and call it a day.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Fed's failure to slow demand means no upside for stocks, analysts sayThe Fed has failed to slow demand - and that means no upside for stocks as policy tightens, analysts say
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »

These high-dividend stocks are expected to rally, with analysts giving one 60% upsideCNBC Pro screened for high-yielding stocks which are also analyst favorites. Artivion
Bron: CNBC - 🏆 12. / 72 Lees verder »