Stock market today: Asian stocks mixed after Wall St retreats on concern economy weakening

Nederland Nieuws Nieuws

Stock market today: Asian stocks mixed after Wall St retreats on concern economy weakening
Nederland Laatste Nieuws,Nederland Headlines

Asian stock markets were mixed Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries slowing.

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Australia's central bank lifted its benchmark interest rate Tuesday for a 12th consecutive time to 4.1% and warned further rises could follow. The Reserve Bank of Australia boosted the cash rate by a quarter of a percentage point following a higher-than-expected 6.8% annual inflation rate for the January-March quarter.The Shanghai Composite Index lost 0.3% to 3,222.35 while the Hang Seng in Hong Kong advanced 0.6% to 19,220.23.

The Dow Jones Industrial Average fell 0.6% to 33,562.86. The Nasdaq composite slipped 11.34, or 0.1%, to 13,229.43.Apple fell 0.8% after unveiling a long-rumored headset that will place its users between the virtual and real world. It will cost $3,500 when it is released early next year.

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Nederland Laatste Nieuws, Nederland Headlines

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