NEW YORK Asian shares were mixed on Friday after another slump on Wall Street driven by expectations that U.S. interest rates will stay high well into next year.
“Japan’s economy is likely to continue recovering moderately for the time being, supported by factors such as the materialization of pent-up demand” after the pandemic, the Bank of Japan said in a policy statement. The Dow Jones Industrial Average dropped 1.1% to 34,070.42, and the Nasdaq composite lost 1.8% to 13,223.98.
On the winning side of Wall Street, FedEx rose 4.5% after it reported stronger profit for the latest quarter than analysts expected. The two-year Treasury yield, meanwhile, wavered following some mixed reports on the economy. It slipped to 5.14% from 5.17% late Wednesday after climbing earlier in the morning.
However, a separate report showed manufacturing in the mid-Atlantic region is contracting by much more than expected. A third report showed sales of previously occupied U.S. homes were weaker last month than economists expected.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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