Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China's rating outlook
Shares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports
By ELAINE KURTENBACH
Published - Apr 10, 2024, 03:10 AM ET
Last Updated - Apr 10, 2024, 03:10 AM EDT
BANGKOK (AP) — Shares were mixed Wednesday in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports.
Hong Kong’s Hang Seng gained 1.7% to 17,115.94, while the Shanghai Composite index lost 0.8% to 3,026.11 after Fitch Ratings lowered its outlook for China’s public finances.
The report by Fitch cited increased risks due to China's shift away from reliance on its troubled property sector and rising public debt.
“There is little clarity on reform measures to support medium-term fiscal consolidation,” it said.
