From Investing: 2024-05-14 23:10:02

Most Asian stocks slightly higher as Wall Street indexes provide positive cues. U.S. stock index futures stall in Asian trade due to caution ahead of U.S. inflation data. Trading volumes muted due to holidays in Hong Kong and South Korea.

Chinese stocks dip as U.S. imposes harsher tariffs on key imports. $18 billion in goods from China affected. Tariffs draw ire from Chinese authorities and raise fears of retaliation. Prospect of more fiscal stimulus limits losses in Chinese markets.

Japan’s Nikkei 225 rises 0.4% buoyed by Sony’s performance. Sony announces $1.6 billion stock buyback, 5-for-1 stock split. Japan’s broader index up 0.3%. Australia’s index also up 0.4% on soft inflation data. India’s index futures point to muted open due to cautious sentiment towards country amid ongoing elections.



Read more at Investing: Asian stocks drift higher as CPI test approaches; China dips on US tariffs By Investing.com