politics

Stock market today: Asia stocks are mostly lower after Wall St rebound led by Big Tech

Font size+Author:Culture Quest news portalSource:travel2024-05-21 23:24:50I want to comment(0)

HONG KONG (AP) — Asia stocks were mostly lower on Friday after gains for Big Tech shares helped U.S.

HONG KONG (AP) — Asia stocks were mostly lower on Friday after gains for Big Tech shares helped U.S. stock indexes claw back much of their slide from the day before.

U.S. futures and oil prices were higher.

In Tokyo, the Nikkei 225 index was up 0.4% at 39,609.60, with the dollar standing at 153.23 Japanese yen, slightly lower than the 34-year high of 153.32 yen it reached on Wednesday.

Hong Kong’s Hang Seng index declined 1.7% to 16,826.98 and the Shanghai Composite index edged 0.1% lower, to 3,032.22. China’s trade data for March will be released later in the day.

“The resilience of Asian equities is noteworthy, especially considering the stronger U.S. dollar and China’s ongoing deflationary challenges,” Stephen Innes, managing partner at SPI Asset Management, said in a commentary.

South Korea’s Kospi shed 0.7% to 2,686.89 after the Bank of Korea held its benchmark rate unchanged at 3.50%.

Related articles
  • Sarah Jessica Parker divides opinion with enormous hat on set of And Just Like That

    Sarah Jessica Parker divides opinion with enormous hat on set of And Just Like That

    2024-05-21 23:01

  • Wisconsin tries to regain supremacy in the trenches under its 4th O

    Wisconsin tries to regain supremacy in the trenches under its 4th O

    2024-05-21 22:11

  • Maple Leafs star Auston Matthews to miss Game 6 of first

    Maple Leafs star Auston Matthews to miss Game 6 of first

    2024-05-21 21:52

  • Hamas to send delegation to Egypt for truce talks

    Hamas to send delegation to Egypt for truce talks

    2024-05-21 21:10

Netizen comments