Asian stocks shrug off Wall Street weakness but growth concerns remain

  • 📰 malaymail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

NEW YORK, May 25 — Asia stocks opened mostly in positive territory today even as global growth concerns and weak US economic data weighed on Wall Street overnight. MSCI’s...

NEW YORK, May 25 — Asia stocks opened mostly in positive territory today even as global growth concerns and weak US economic data weighed on Wall Street overnight.

On Wall Street, the Nasdaq Composite dropped 2.35 per cent and the S&P 500 lost 0.81 per cent as worries returned over surging global inflation cornering central banks into aggressive rate hikes, thereby slowing growth. New home sales in the US fell 16.6 per cent month-on-month in April, the largest decline in nine years, sending US Treasuries yields down to one-month lows as investors turned once again to safety.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines