Asian shares were trading mixed Thursday, as investors grew cautious after Wall Street's biggest pullback of the year.
TOKYO — Asian shares were trading mixed Thursday, as investors grew cautious after Wall Street’s biggest pullback of the year.
Japan’s benchmark Nikkei 225 NIK slipped 1.5%. Australia’s S&P/ASX 200 XJO gained 0.5% and South Korea’s Kospi 180721 added 0.2%. Hong Kong’s Hang Seng HSI was nearly unchanged, while the Shanghai Composite SHCOMP rose 0.1%. Stocks rose in Indonesia JAKIDX but fell in Singapore STI . Taiwan markets were closed.
“On the macro front, there remains lingering uncertainties about the outlook for the global economy. A slew of disappointing U.S. data releases and hawkish Fed rhetoric are also adding to the risk-off mood across markets,” said Anderson Alves, trader at ActivTrades. The government reported Americans cut back on their spending at retailers more than anticipated last month, the second straight decline. Separately, the Federal Reserve said U.S. industrial production, which covers manufacturing, mining and utilities, fell in December much more than economists had expected.
While there’s growing evidence that high inflation is finally easing, further rate hikes are still needed, according to Loretta Mester, president of the Federal Reserve Bank of Cleveland.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Asian shares mixed after biggest Wall St retreat of the yearAsian shares are trading mixed, as investors grow cautious after Wall Street’s biggest pullback of the year
Leer más »
Morgan Stanley's earnings top Wall Street expectations, helped by record wealth management revenueMorgan Stanley reported fourth-quarter earnings before the opening bell on Tuesday.
Leer más »
Despite Net-Zero Vows, Wall Street 'Climate Arsonists' Still Pumping Billions Into Fossil Fuels'It is business as usual for most banks and investors who continue to support fossil fuel developers without any restrictions, despite their high-profile commitments to carbon neutrality.'
Leer más »
SiriusXM Hires Ex-Wall Street Journal CMO Suzi Watford for New Business Development RoleSiriusXM has recruited Suzi Watford, most recently chief marketing and membership officer at Dow Jones, for a newly created role leading the satellite radio and audio-streaming company’s grow…
Leer más »
Why this analyst became the lone Microsoft bear on Wall StreetMicrosoft Corp.'s stock fetched a rare bearish call Tuesday, as an analyst warned that the technology giant isn't as resilient as investors may think.
Leer más »