Stock market today (May 23, 2024): Global shares are mixed, with China stocks down, after Wall St retreat

Global shares were mixed on Thursday, with European markets gaining after most major Asian benchmarks declined, apart from in Tokyo.

Australia’s S&P/ASX 200 sank 0.5% to 7,811.80. South Korea’s Kospi fell nearly 0.1% to 2,721.81 as the central bank kept is policy rate unchanged, as expected. And even though Fed Chair Jerome Powell said after that meeting that the Federal Reserve is more likely to cut rates than to hike them, the minutes said “various participants” were willing to raise rates if inflation worsens. That cut at the rekindled hopes on Wall Street that the Fed will be able to

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