Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China's rating outlook

BANGKOK — Shares were mixed Wednesday in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports.

Later Wednesday the U.S. will release its highly anticipated update on inflation at the consumer level. This week will also bring other reports on inflation, and big U.S. companies will begin reporting how much profit they made during the first three months of the year.

Brent crude, the international standard, was up 22 cents to $89.64 per barrel, after falling 96 cents on Wednesday to $89.42 per barrel. Some of Wall Street's largest losses came from the same stocks that have been the biggest winners in the market's frenzy around artificial-intelligence technology., it was the single heaviest force weighing on the S&P 500. Super Micro Computer fell 2.6%, though its stock has still more than tripled so far this year.

Fitch Ratings revised China’s outlook to negative from stable, saying the government is likely to pile on debt as it seeks to pull the economy out of a real estate-driven slowdown.BEIJING -China's auto factories had a capacity utilisation rate of more 70% in 2023 and idled capacity is being closed, a senior official of the China Association of Automobile Manufacturers said on Wednesday.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares are mixed and Shanghai gains on strong China factory dataBANGKOK (AP) — Asian shares were mixed on Monday, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China. Sydney and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsTOKYO (AP) — Asian shares were mixed in muted trading Tuesday, as buying in some markets was soon erased by profit-taking. Japan's benchmark Nikkei 225...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares trade mixed after Wall Street closes near record finishTOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares trade mixed after Wall Street closes near record finishTOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mixed after another Wall Street record dayBANGKOK (AP) — Stocks were mixed Friday in Asia after Wall Street tapped fresh records, led by big gains in chipmakers. Japan’s Nikkei 225 topped 41,000 for ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mixed after Wall St pulls back after a shaky dayHONG KONG (AP) — Asian shares were mixed on Tuesday after Wall Street pulled back from its record following a shaky day of trading, putting at least a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »