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Home»Stock Market»Asian markets trade mixed after Wall Street climbs closer to its record highs
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Asian markets trade mixed after Wall Street climbs closer to its record highs

September 13, 2024No Comments1 Min Read
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Asian markets experienced a mix of movements on Friday, with U.S. stocks nearing their record highs after economic reports that met expectations.

Japan’s Nikkei 225 fell by 0.7% as industrial production showed signs of improvement. Meanwhile, Hong Kong’s Hang Seng rose by 0.8% and Shanghai Composite was down by 0.5% following news of a rise in retirement age in China.

China is expected to release its monthly economic data soon, with predictions of a slowdown in key indicators.

Elsewhere, Australia’s S&P/ASX 200 and South Korea’s Kospi saw slight gains.

In the U.S., the S&P 500, Dow Jones Industrial Average, and Nasdaq composite all rose. Nvidia was a strong performer, lifting the S&P 500.

Reports on inflation and unemployment benefits influenced market expectations for the upcoming Fed meeting.

In the bond market, the 10-year Treasury yield edged up, while mortgage rates hit a 19-month low.

Energy trading saw gains in benchmark U.S. crude and Brent crude prices.

The euro also saw a slight increase in value.

Original article by AP Business Writers Stan Choe contributed from New York.

Asian climbs Closer Highs markets mixed record Street trade Wall
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