Shares rose in Tokyo and Sydney but fell in Hong Kong, Shanghai and South Korea. A weakening in growth in Chinese manufacturing, based on surveys of factory...
TOKYO — Asian shares were mixed on Wednesday after Wall Street began a post-holiday week on a lackluster note.
India’s Sensex 1, -0.61% declined 0.5%. Shares fell in Taiwan and Singapore, but advanced in Jakarta. U.S. markets were closed Monday for Memorial Day and trading was wobbly on Tuesday, with a mixed finish for major stock indexes, as losses in technology and health care companies offset gains elsewhere in the market.
“The market will focus on jobs this week and the reason is so will the Fed,” Krosby said. “This is a market that wants to assess or ascertain how the Fed is going to respond to more inflation.” “The economy continues to expand, continues to rebound,” Krosby said. “Americans are traveling by car, traveling by air, and that’s reflected in the oil prices.”
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