Asian shares are mixed after Wall St rally takes S&P 500 near record
TOKYO — Stocks in Asia were mixed Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record.
“Despite efforts, China has grappled with consumer deflation for about a year, presenting a formidable challenge that Beijing has yet to overcome,” said Stephen Innes, managing partner at SPI Asset Management. Equinix jumped 11.5% after reporting stronger profit for the latest quarter than analysts expected. The company, which runs data centers around the world, also said an independent investigation led by its board found no accounting inconsistencies or errors that would require financial restatements. Earlier, an investment firm had accused it of “major accounting manipulation.”
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