Asian markets mixed as strong US tech earnings offset poor data

  • 📰 malaymail
  • ⏱ Reading Time:
  • 37 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Asian Stocks News

Asian Markets

HONG KONG, April 26 — Markets were mixed today after forecast-topping earnings from Microsoft and Alphabet helped soothe worries that a tech-fuelled rally may have been...

Why run when we're not even doing anything? Zambry labels pro-Israel professor 'dangerous' for calling Malaysia unsafe, 'Islamo-fascist'

However, the mood was clouded by fresh worries about the economic outlook after worse-than-expected US data combined with a forecast-topping print on core inflation that fanned speculation the country could top into stagflation. Tech firms across Asia rode the coattails of the earnings, with Hong Kong-listed Meituan, Japan’s Advantest and Samsung in Seoul all well up.Hong Kong piled on more than two per cent, while there were also gains in Tokyo, Seoul, Taipei and Manila.London rose to another record high, while Paris and Frankfurt also advanced.

“This report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,” Chris Zaccarelli, of Independent Advisor Alliance, said.

 

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