HONG KONG — Asian stocks were mostly higher on Wednesday after a rally on Wall Street that took the Nasdaq composite index to a record high.at the wholesale level in the United States, before many price changes are passed along to consumers, with the producer price index reading for April reaching 0.5%, higher than forecast.
In China, the Shanghai Composite index slipped 0.5% to 3,129.81 after the central bank kept a key lending rate unchanged Wednesday, signaling Beijing’s focus on maintaining monetary stability.Markets in South Korea and Hong Kong were closed for a holiday. Bond yields edged lower. The yield on the 10-year Treasury slipped to 4.43% Wednesday from 4.49% late Monday.
In other trading, benchmark U.S. crude added 55 cents to $78.57 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, rose 51 cents to $82.89 a barrel.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian shares mixed in muted trading after Wall Street barely budgesTOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian stocks drift after Wall Street closes another winning weekHONG KONG (AP) — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd dayHONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street’s lull stretched into a second day, with Chinese benchmarks rising after China...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian shares rise, cheered by last week's tech rally on Wall StreetTOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before. U.S. futures...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian shares gain despite Wall Street's tech-led retreatAsian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »