BANGKOK — Asian markets were sharply lower on Wednesday after Wall Street tumbled as it focused on the downside of aU.S. futures and oil prices edged lower.
Australia's S&P/ASX 200 shed 0.8% to 6,890.20. In Bangkok, the SET recovered from early losses, gaining 0.4%. Such weight has been the main reason the S&P 500 has lost more than 40% of its value since the end of July, after charging higher for much of the year. Tuesday's report showed employers were advertising 9.6 million job openings in late August, much higher than the 8.9 million economists expected. That could keep upward pressure on wages to attract employees.could drag on spending by U.S. households, which has been strong enough to help keep the economy out of a recession despite high interest rates. Higher oil prices are threatening to worsen inflation, and economies around the world look shaky.A barrel of benchmark U.S.
'It's not taxed at all': Warren Buffett shares the 'best investment' you can make when battling against inflation — and it doesn't have to cost you a dime
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerWall Street is sinking again under the weight of higher yields in the bond market.
Source: CTVNews - 🏆 1. / 99 Read more »
Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerNEW YORK (AP) — Wall Street is sinking again under the weight of higher yields in the bond market. The S&P 500 fell 0.5% early Tuesday and is back to where it was in June. The Dow fell 157 and the Nasdaq composite was down 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Most of Wall Street slips as the bond market cranks up the pressureMost stocks are drifting lower Monday as the constrictor of higher interest rates tightens its coils around Wall Street.
Source: CTVNews - 🏆 1. / 99 Read more »
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is avertedBANGKOK (AP) — Asian shares were mostly higher in thin trading Monday with many markets closed for holidays. Markets in China are closed for a weeklong holiday. Markets in South Korea also were closed. Oil prices gained and U.S. futures were higher as the threat of a U.S. federal government shutdown receded after Congress approved a temporary funding bill late Saturday to keep federal agencies open until Nov. 17. Japan’s Nikkei 225 index advanced after a central bank survey showed business confi
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street buckles under higher bond yields as Dow wipes out gain for the yearNEW YORK (AP) — Wall Street tumbled as it focused on the downside of a surprisingly strong job market. The S&P 500 lost 1.4% Tuesday. The Dow fell 430 points and wiped out the last of its gains for the year so far.
Source: SooToday - 🏆 8. / 85 Read more »