TOKYO (AP) – Asian stocks traded cautiously on Wall Street, led by technology companies and banks, which lost most of their sales last Wednesday.
Japan’s benchmark NikeK fell 225 percent to 27,544.06 1% in morning trading. South Korea’s COPP fell 1.0% to 2,932.15. Australia’s S&P / ASX 200 fell 0.5% to 7,209.40. Hong Kong Hong Kong has fallen to about 0.9% to 23,899.34. Trade in Shanghai is closed for China’s national holidays.
Despite hopes that economic activity will return to normal by the end of this year, there are concerns about cholera infections in Asia.
In the face of future disasters, China’s credit problems and contagious disasters have not diminished due to developer concerns. Therefore, caution is not in the wind, ”said Tan Bon Heng, a member of the Asia-Oceania Treasury at the Mizuho Bank in Singapore.
Poor Real Estate Manufacturers China’s Overgrade Group’s Risk of Over $ 300 Billion Debt Concern Over Depression in China is already worrying investors.
In Japan, the Liberal Democrats guarantee that the new leadership will be more consistent in its economic policies. Opinions by SMBC Nikko Securities economists Yoshimasa Maruma and Koya Miyame this week show that new Finance Minister Shunichi Suzuki is sticking to “Orthodox” policies.
But there is still fear in the world’s third-largest economy. The Fitch Agency has maintained a “negative outlook” on the Japanese economy, citing the macroeconomic and monetary risks posed by the cholera virus.
On Wall Street, the S&P 500 rose 1.1% to 4,345.72. Dow Jones Industrial Average rose 0.9% to 34,314.67, while Nasdak gained 1.3% to 14,433.83. Small company stocks also made profits. Russell’s 2000 index rose 0.5% to 2,228.36.
The results have been reversed in recent weeks. The S&P 500 fell 4.8% in September, its first monthly decline since January. After falling high on September 2 and losing ground permanently, the indicator fell below the 4,354 moving average on Tuesday. That index will send a message to traders that “the stock has reached a good level of support.”
“Today’s move is primarily a response to the shortcomings of the last 10 days or so,” he said.
Following an encouraging update on the services sector, one of the largest sectors of the US economy, many companies focusing on consumer services have acquired land. According to the Supply Management Institute, the sector continued to grow faster than expected in September and by economists. Chiptol gained 1.4% and Carmax gained 3%.
Inflation slowed down for weeks as technology companies and the broader market slowed down.
Rising inflation warns businesses from Nike to Sherwin-Williams to be angry about sales forecasts and warn investors that high costs could hurt monetary policy. Supply chain interruptions and delays, rising commodity prices, are among the key problems that companies are trying to recover from.
Delayed outbreaks and problems with the global supply chain have prompted the International Monetary Fund to cut its forecast for this year.
Wall Street is still expecting strong corporate profits to grow by the end of the third quarter of this month. The S&P 500 companies posted an increase of 27.7% compared to the July-September quarter a year ago.
“In our view, we are now at the threshold of third-quarter emissions, and that is the basis for the stock to grow,” Sandven said.
Facebook is up 2.1%. After one employee said “60 minutes,” the company consistently chose its own interests in the public interest. Former employee Francis Hawgen appeared before Congress on Tuesday.
In energy trading, US crude lost 12 cents to $ 78.81 in the New York Mercantile Exchange. He earned $ 1.31 to $ 78.93 per barrel on Tuesday.
Brent Defender donated $ 8 to $ 82.48 per barrel.
The exchange rate has risen from 111.47 yen to 111.59 yen. The euro is $ 1,1596 lower than the $ 1,1601.
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AP Business Writers Damian J. Troy and Alex Vega contribute.
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