Asian shares are mixed following U.S. stocks fall on inflation fears, with oil prices up

From ABC4: 2024-04-10 14:17:38

Asian shares mixed as U.S. stocks fall on inflation fears, with oil prices up and U.S. futures flat. South Korean ruling conservative party suffers defeat in parliamentary election, President Yoon faces huge political blow. Treasury yields rise as inflation data shows prices hotter than expected, raising concerns of higher interest rates. Stocks fall, big losers include real-estate, utility companies, and home builders. Delta Air Lines reports better-than-expected results, strong demand for flights globally. Oil prices edge higher, U.S. dollar falls against yen.



Read more at ABC4: Asian shares are mixed, taking hot US inflation data in stride – ABC4 Utah