Asian shares are mostly declining following a slip on Wall Street that snapped an eight-day winning streak.
Currency traders work near a screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won, center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 21, 2024. – Asian shares mostly declined Wednesday following a slip on Wall Street that snapped an eight-day winning streak, the longest of the year.
“We might get a read on how confident or otherwise the Fed is that inflation has been tamed, and from this, markets may project the size and scope of rate cuts we might expect to see between now and the end of next year,” said Tim Waterer, chief market analyst at KCM Trade.On Wall Street, the S&P 500 slipped 0.2% Tuesday. The S%P 500 is still just 1.2% below its all-time high set last month. It has roared back from an earlier drop, at one point to nearly 10% below its record.after falling 2.
In the U.S., high interest rates have been weighing on the economy after the Federal Reserve hiked them sharply in order to get inflation under control. The yield on the 10-year Treasury fell to 3.81% from 3.87% late Monday. In energy trading, benchmark U.S. crude fell 33 cents to $74.04 a barrel. Brent crude, the international standard, lost 5 cents to $77.15 a barrel.
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Asian shares mostly fall after Wall Street snaps winning streakAsian shares are mostly declining following a slip on Wall Street that snapped an eight-day winning streak.
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Asian shares mostly fall after Wall Street snaps winning streakAsian shares are mostly declining following a slip on Wall Street that snapped an eight-day winning streak. Benchmarks fell in Wednesday morning trading in Japan, Australia, South Korea and China. In Tokyo, Japan’s Finance Ministry reported a 621 billion yen, or $4.
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Asian markets mostly rise after Wall Street extends its winning streak to longest of the yearAsian stocks are mostly rising after Wall Street pushed closer to record highs following its roller coaster of a summer.
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Asian markets mostly rise after Wall Street extends its winning streak to longest of the yearAsian stocks are mostly rising after Wall Street pushed closer to record highs following its roller coaster of a summer.
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Asian markets mostly rise after Wall Street extends its winning streak to longest of the yearAsian stocks mostly rose Tuesday after Wall Street pushed closer to record highs following its roller coaster of a summer. In Tokyo, the Nikkei 225 stock
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Asian markets mostly rise after Wall Street extends its winning streak to longest of the yearAsian stocks are mostly rising after Wall Street pushed closer to record highs following its roller coaster of a summer. The Nikkei 225 index was up over 2%. U.S. futures were slightly higher while oil prices fell. The S&P 500 rose 1% Monday for its eighth-straight gain, its longest winning streak since November.
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