Stock market today: Asian shares mostly decline after Nasdaq ticks to a record high
Asian shares have retreated even after most U.S. stock indexes finished higher, especially technology issues like Nvidia
TOKYO (AP) — Asian shares retreated Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia.
Japan's benchmark Nikkei 225 fell 0.2% to 38,980.60. Australia's S&P/ASX 200 lost 0.2% to 7,848.00. South Korea's Kospi fell 0.8% to 2,720.90. Hong Kong's Hang Seng dove 2.1% to 19,233.87, while the Shanghai Composite shed 0.4% to 3,157.33.
In Asia, investors are focused on signs about the health of the Chinese economy. S&P Global Market Intelligence raised this year's growth forecast to 4.8% from 4.7% in April, but stressed it was not overly optimistic.
“The overall outlook of a tepid economic recovery remains unchanged, with the expansion supported by enhanced policy stimulus, strengthening external demand and gradually improving private-sector confidence,” it said in a report.
