Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Stock market today: Asian shares are mixed, taking hot US inflation data in stride !

Stock market today: Asian shares are mixed, taking hot US inflation data in stride

Time:2024-05-07 13:57:03 source:Universal Unfoldings news portal

BANGKOK (AP) — Asian shares were mixed Thursday after U.S. stocks fell on worries that what had seemed like a blip in the battle to bring down inflation may be a troubling trend.

Oil prices edged higher and U.S. futures were flat.

South Korean shares were little changed after the ruling conservative party suffered a crushing defeat in a parliamentary election. The Kospi edged less than 0.1% higher, to 2,708.15.

The results were a huge political blow to President Yoon Suk Yeol, and Prime Minster Han Duck-soo and all Yoon’s senior presidential advisers except those in charge of security issues submitted their resignations Thursday.

Elsewhere in Asia, Tokyo’s Nikkei 225 lost 0.4% to 39,432.61 and the Hang Seng in Hong Kong was down 0.6%, at 17,037.80.

The Shanghai Composite index gained 0.4% to 3,038.68 and the S&P/ASX 200 fell 0.4% to 7,816.00.

Related information
  • Jordan stations 2 firefighting helicopters in Cyprus to help as summer fire season arrives
  • Departments, Organizations Care for Children
  • Organizations Continue Strengthening Cooperation on Protection of Women's Rights, Interests
  • Highlights of Xi
  • Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle
  • Xi Meets French President Macron
  • Xi Meets S. Korean President Yoon Suk
  • Xi Jinping Elected General Secretary of CPC Central Committee: Communique
Recommended content
  • Yadav unbeaten ton helps Mumbai end losing streak in IPL
  • Highlights of Xi
  • Chinese men's team claims 2024 Badminton Asia Team Championships title
  • Xi Focus: Xi Stresses Striving in Unity to Fulfill Goals Set by Party Congress
  • Bank Holiday Moo
  • Organizations Continue Strengthening Cooperation on Protection of Women's Rights, Interests