Asian stocks mixed after U.S. markets hit new highs

From KRON 4: 2024-06-19 05:47:54

Asian stocks showed a mixed trend on Wednesday after U.S. benchmarks reached new highs, indicating a slow but positive trend in the U.S. economy. Japan’s Nikkei 225 rose by 0.2% on trade data showing increased exports and imports. The Bank of Japan is contemplating raising interest rates in the coming months due to inflation concerns. Hang Seng in Hong Kong gained 2.9%, while Shanghai Composite lost 0.4% due to increased oversight by China’s securities watchdog. The S&P 500 set a new high, backed by Nvidia’s gains. Retail sales in the U.S. rose by 0.1% in May, below expectations. Oil prices fell slightly, with crude at $80.51 per barrel.



Read more at KRON 4: Stock market today: Asian stocks are mixed after Wall Street edges to more records