Stock market today: Asian shares trade mixed after Wall Street closes near record finish

A Security member stands guard at one of the entrance of the New York Stock Exchange in New York, Tuesday, March 19, 2024. Reddit Inc. signage is seen on the New York Stock Exchange trading floor, prior to Reddit IPO, Thursday, March. 21, 2024. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in the rain Monday, March 25, 2024, in Tokyo.

Hong Kong’s Hang Seng climbed 0.5% to 16,584.22, while the Shanghai Composite gained 0.4% to 3,061.36.Australia’s S&P/ASX 200 rose 0.6% to 7,813.70. South Korea’s Kospi lost 0.5% to 2,735.46. The Bank of Japan raised a key interest rate for the first time in 17 years last week, to barely above zero from below zero, or negative interest rates. That means borrowing rates in Japan still remain below those of the U.S. and many other nations.Trump’s social media company approved to go public, potentially netting former president billions“The recent Bank of Japan meeting added another layer of complexity to the dollar’s trajectory.

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Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares mostly rise after Wall Street's record rallyAsian shares are mostly rising, encouraged by a record rally on Wall Street. Benchmarks gained Wednesday in Sydney, Seoul and Hong Kong. Tokyo's Nikkei 225 lost morning gains to slip in afternoon trading. Also on investors' minds is the Japanese yen's rise against the U.S.
Source: AP - 🏆 728. / 51 Read more »