Stock markets today: Asian stocks mixed ahead of US data
Asian stock markets are mixed ahead of a U.S. economic update this week that is expected to show growth slowing
By JOE McDONALD
Published - Apr 24, 2023, 02:33 AM ET
Last Updated - Jun 22, 2023, 04:45 AM EDT
BEIJING AP" target="_self">(AP) — Asian stock markets were mixed Monday ahead of a U.S. economic update this week that is expected to show growth slowing.
Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell.
Wall Street's benchmark S&P 500 index gained 0.1% on Friday but ended with a small loss for the week.
U.S. data on Thursday are expected to show first-quarter economic growth weakened after interest rate hikes to cool business activity and inflation. That might encourage the Federal Reserve to postpone or scale down more possible rate hikes at its May meeting.
