Asian shares mostly decline after Nasdaq ticks to a record high

Date:

TOKYO (AP) — Asian shares mostly fell Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia.

Japan’s benchmark Nikkei 225 rose 0.2% in early trading to 39,141.08. Australia’s S&P/ASX 200 lost 0.2% to 7,851.90. South Korea’s Kospi fell 0.4% to 2,732.26. Hong Kong’s Hang Seng dove 2.1% to 19,233.09, while the Shanghai Composite shed 0.4% to 3,159.90.

In Asia, investors are focused on signs about the health of Chinese economy. S&P Global Market Intelligence raised this year’s growth forecast to 4.8% from 4.7% in April, but stressed it was not overly optimistic.

“The overall outlook of a tepid economic recovery remains unchanged, with the expansion supported by enhanced policy stimulus, strengthening external demand and gradually improving private-sector confidence,” it said in a report.

Monday on Wall Street, the S&P 500 rose 0.1% to 5,308.13 and pulled within 0.02 of its record set last…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...