Asian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500’s worse losing streak since the start of the year.Tokyo’s Nikkei 225 climbed 0.3% to 38,090.87 and the Hang Seng in Hong Kong gained 1.5% to 16,489.59.South Korea’s Kospi led the region’s gains, surging 1.8% to 2,631.15.On Wednesday, the S&P 500 lost 0.6%, to 5,022.21. It’s down 4.4% since setting a record late last month.
The 10-year Treasury yield sank to 4.58% from 4.67% late Tuesday. The two-year yield, which moves more closely with expectations for the Fed, fell to 4.92% from 4.99%. the central bank may hold its main interest steady for a while. It wants to get more confidence that inflation is sustainably heading toward its target of 2%. Its main interest rate has been sitting at its highest level since 2001.
With little near-term help expected from an easing of interest rates, companies will need to deliver fatter profits to justify their big runs in stock price since autumn.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks track Wall St record after Fed keeps rate projectionAsian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
Source: PhilstarNews - 🏆 1. / 94 Read more »
Asian stocks sink despite to track Wall St gains, earnings in focusAsian markets fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.
Source: PhilstarNews - 🏆 1. / 94 Read more »
Stock market today: Asian shares track Wall Street slump triggered by strong US spending data | Elaine Kurtenbach / AP Business WriterAsian shares skidded Tuesday following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. The Shanghai Composite index lost 1.7% to 3,007.07 even though the Chinese government reported that the economy grew at a surprisingly fast 5.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Asian markets struggle as US data dents Fed rate cut optimismAsian markets mostly fell Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest rates as much as it expected this year.
Source: PhilstarNews - 🏆 1. / 94 Read more »
Recto: PH still a bright spot in Asian regionDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »
Training Future Healthcare Leaders: Asian Hospital holds its 8th commencement exercises, launches heartthrobsPremier healthcare institution Asian Hospital and Medical Center is preparing for the future of healthcare in the country with the recent conduct of the 8th Residents’ and Fellows’ commencement exercises and the launch of “Heartthrobs.
Source: BusinessMirror - 🏆 19. / 59 Read more »