From Asia Financial: 2024-05-24 05:40:09

Major Asian stock indexes retreated on worries of high interest rates, following Wall Street declines due to robust US economic data. Japan’s Nikkei fell 1.17%, while China’s CSI300 and Shanghai Composite Index dropped. Alibaba’s Hong Kong shares slid for the fifth day. The US jobless claims dropped, affecting rate cut expectations. Yen weakened amid rising US yields and the dollar’s strength. Oil prices remained steady, with Brent crude at $81.38 a barrel. Gold prices rose slightly to $2334.16 per ounce.



Read more at Asia Financial: Hang Seng, Nikkei, China Stocks Slide on Fading US Rate Hopes