Asian stocks mixed after Wall Street extends losses as technology and energy stocks fall

HONG KONG — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other sectors.Data released Thursday showed Japan's wage growth remains strong, as average cash earnings in July grew 3.6% year-on-year, beating market expectations, while real earnings unexpectedly increased by 0.4% in July, increasing the likelihood of another rate hike.

Several other reports this week will help give a clearer picture of the economy for the Fed and Wall Street.The Institute for Supply Management will release its services sector index for August on Thursday. The services sector is the biggest component of the U.S. economy. In the bond market, the yield on the 10-year Treasury fell to 3.76% from 3.83% late Tuesday. That’s down from 4.70% in late April, a significant move for the bond market. The yield on the 2-year Treasury, which more closely tracks potential action from the Fed, fell to 3.76% from 3.87%.

The Global Cable Conduit Systems Market Size was Valued at USD 8.25 Billion in 2023 and the Worldwide Cable Conduit Systems Market Size is Expected to Reach USD 22.997 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: Atkore International Group Inc., S&C Electric, Legrand, AAB Group, Legus Inc., Schneider Electric SE, Eaton Corporation Plc., Hubbell Incorporated, Champion Fiberglass Inc., Dura-Line Holdings Inc.

Collaboration with World Leading University, University of EdinburghMulti-Million Dollar Transformative Project for Long-Term CareFuture Partnering Opportunities VANCOUVER, British Columbia, Sept. 05, 2024 -- Treatment.com AI Inc. is pleased to announce it has signed a Collaborative Agreement with the University Court of the University of Edinburgh .

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.

Asian stocks mixed after Wall Street rallies as 'time has come' for rate cutsHONG KONG (AP) — Asian stocks were mixed Monday after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks are mixed after Wall Street's best week of the yearAsian stocks were mixed Monday as investors ponder the upcoming meeting of the Federal Reserve, following Wall Street's best week since November with a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks tumble after Wall Street drops on worries about the economyHONG KONG (AP) — Asian stocks tumbled Wednesday after Wall Street had its worst day since early August, with the heavyweight Nvidia falling 9.5%, leading to ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks decline, following Wall Street's drop on worries about the economyHONG KONG (AP) — Asian stocks tumbled Wednesday after Wall Street had its worst day since early August, with the heavyweight Nvidia falling 9.5%, leading to ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »