Asian stocks are mixed ahead of US inflation data – 2024-04-10 10:26:03

by times news cr

2024-04-10 10:26:03

Asian stock markets were mixed in today’s trade after Wall Street closed flat yesterday, and investors on both sides of the Pacific eagerly awaited U.S. inflation data for March, which should signal when the Fed will begin cutting interest rates, the Associated Press reported. , quoted by BTA.

Japan’s Nikkei 225 fell 0.4 percent to 39,616.51, Hong Kong’s Hang Seng added 1.9 percent to 17,144.54, the Shanghai Composite lost 0.3 percent to 3,088.25, and Australia’s S&P /ASX rose 0.4 per cent to 7,854.3.

Markets in South Korea closed for public holidays.

In foreign exchange markets, the US dollar rose slightly against the yen to ¥151.77 from ¥151.75 in the previous session. The euro fell to $1.0852 from $1.0857.

Wall Street closed with minimal deviations last night.

The Dow Jones industrial average lost 9.13 points, or 0.02 percent, to 38,883.67.

The broader Standard & Poor’s 500 rose 7.52 points, or 0.14 percent, to 5,005.20.

The tech-heavy Nasdaq gained 52.68 points, or 0.32 percent, to 16,306.64.

Futures for today outline a new equilibrium.

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