Stock market today: Asian markets retreat after data dash hopes that a US rate cut is imminent
Asian markets have retreated after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon
By ELAINE KURTENBACH
Published - Mar 15, 2024, 03:00 AM ET
Last Updated - Mar 15, 2024, 03:00 AM EDT
BEIJING (AP) — Asian markets retreated Friday, with Hong Kong’s benchmark falling nearly 2%, after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.
Oil prices and U.S. futures fell.
Tokyo's Nikkei 225 declined 0.3% to 38,707.64, while the Kospi in South Korea sank 1.9% to 2,666.84.
Hong Kong's Hang Seng was down 1.7% at 16,676.70 after reports said housing prices have continued to fall since February.
