Stock market today: Asia mixed after Wall St rallies ahead of US inflation update
Asian stocks are mixed after Wall Street rallied and Japanese wages rose ahead of a U.S. inflation update that might influence Federal Reserve plans for possible interest rate hikes
By JOE McDONALD
Published - Aug 08, 2023, 02:09 AM ET
Last Updated - Aug 08, 2023, 02:09 AM EDT
BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street rallied and Chinese exports fell ahead of a U.S. inflation update that might influence Federal Reserve plans for possible interest rate hikes.
Tokyo and Sydney advanced while Shanghai and Hong Kong declined. Oil prices gained.
Wall Street's benchmark S&P 500 index gained 0.9% on Monday, recovering one-third of last week's loss.
“U.S. stocks started the week in better form,” said ING analysts in a report. “It is not clear that this is going to last, though.”
