Most Asian markets gain after latest Wall St. record

In Europe, London fell at the open even after data showed UK inflation had eased to the Bank of England's two percent target.The below-forecast May US retail sales figures pointed to signs of fatigue among American consumers — a crucial driver of growth — suggesting the world's number one economy was slowing and giving the central bank room to ease monetary policy.

I suspect the policies could be more relevant for Hong Kong-listed shares,' said Billy Leung at Global X ETFs.Tokyo, Singapore, Seoul, Mumbai, Jakarta and Taipei also rose, but Shanghai, Sydney, Manila, Bangkok and Wellington edged down.London opened slightly lower. Investors were unfazed by news that inflation had hit two percent in May, in line with expectations. The pound was barely moved.Paris and Frankfurt were also down.

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Stock market today (June 5, 2024): Asian stocks trade mixed after Wall Street logs modest gainsAsian shares traded mixed Wednesday, as investors weighed recent data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street. Japan's benchmark Nikkei 225 shed 1.0% in early trading to 38,448.61. Australia's S&P/ASX 200 edged up 0.3% to 7,759.20. South Korea's Kospi jumped 1.2% to 2,695.02.
Source: BusinessMirror - 🏆 19. / 59 Read more »