logo

This website uses cookies to ensure you get the best experience on our website.

Read through the Privacy Policy to understand better

 Go Back

Stock market today: Asian shares mixed in choppy trading after US inflation report

By YURI KAGEYAMA - May 11, 2023, 02:15 AM ET
Last Updated - Jun 21, 2023, 08:46 PM EDT
Financial Markets Wall Street
ASSOCIATED PRESS

Asian shares were mixed in choppy trading Thursday after a report showed evidence that inflation in the United States is cooling, even if it remains too high

TOKYO AP" target="_self">(AP) — Asian shares were mixed in choppy trading Thursday after a report showed evidence that inflation in the United States was cooling, even if it remains too high. 

Japan's benchmark Nikkei 225 dipped nearly 0.1% in afternoon trading to 29,102.25. Australia's S&P/ASX 200 slipped 0.1% to 7,249.00. South Korea's Kospi added 0.1% to 2,499.99. Hong Kong's Hang Seng lost 0.4% to 19,693.89, while the Shanghai Composite was little changed, inching up less than 0.1% to 3,319.53. 

Sponsored

Concerns about the Chinese economy remain a major focus, especially for the Asian region, with the latest cause for worry coming from trade data released Tuesday. 

“China could be heading into a deflationary funk similar to the one that Japan is starting to emerge from,” said Stephen Innes, managing partner at SPI Asset Management.  

By continuing to use this site, you agree to our terms and conditions
Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250324