opinions

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

Font size+Author:Cosmic Coverage news portalSource:business2024-05-21 13:19:47I want to comment(0)

BANGKOK (AP) — Asian shares were mixed Thursday after U.S. stocks fell on worries that what had seem

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 articles
  • Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored

    Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored

    2024-05-21 11:23

  • The Sky added plenty of star power in the WNBA draft with Kamilla Cardoso and Angel Reese

    The Sky added plenty of star power in the WNBA draft with Kamilla Cardoso and Angel Reese

    2024-05-21 11:05

  • It was one of the most joyous

    It was one of the most joyous

    2024-05-21 10:40

  • Laos and Cambodia see rise in traffic deaths over New Years weekend — Radio Free Asia

    Laos and Cambodia see rise in traffic deaths over New Years weekend — Radio Free Asia

    2024-05-21 10:37

Netizen comments