Published Fri, Aug 15, 2025 · 11:58 AM
ASIAN stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back ahead of a US-Russia summit on Ukraine.
On Thursday Wall Street finished little changed as strong wholesale inflation data tempered optimism about the US Federal Reserve cutting interest rates.
A quarter-point cut is still expected but a larger half-point rate cut is likely “off the table”, said Jack Ablin of Cresset Capital Management.
Intel surged 7.4 per cent following a Bloomberg News report that US President Donald Trump is considering an investment in the beleaguered chip company in exchange for a government stake.
Japan’s economy grew 0.3 per cent in the three months to June, while output for the previous period was revised upwards, averting a possible technical recession for the world’s number four economy.
The expansion came despite tariffs imposed by Trump on…
