US EditionAsian shares trade mostly higher after stocks on Wall Street extend losses
JAPAN, AUG 6 – Asian markets showed mixed gains as U.S. shares declined on weak economic data and tariff concerns, with Japan's Nikkei rising 0.6%, according to market reports.
- On Wednesday, Asian shares were mixed, with Hong Kong’s Hang Seng up 0.2% to 24,947.57 and Nikkei 225 rising 0.6% to 40,777.45, while South Korea’s Kospi fell 0.3% to 3,187.57.
- The 10-year Treasury yield eased to 4.19% from 4.22% late Monday, amid weaker U.S. services activity reports adding to economic worries.
- In energy trading, benchmark U.S. crude futures rose 41 cents to $65.57, Brent crude added 42 cents to $68.06, and the euro traded at $1.1583, up from $1.1579.
- Expectations have built sharply for a rate cut at that meeting since a report on the U.S. job market on Friday came in much weaker than economists expected, with many investors now seeing a cut in September at the Fed’s next policy meeting.
- With U.S. markets near peaks, Honda Motor Co., Toyota Motor Corp. and Sony Corp. will report fiscal first-quarter results this week as the S&P 500 remains within 1.4% of its record.
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Asia-Pacific markets traded mixed after Wall Street weakened. Trump unveiled plans for new chip tariffs to support US semiconductor production.
Coverage Details
Total News Sources30
Leaning Left10Leaning Right2Center11Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 43%
C 48%
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