Shares are mixed in Asia after U.S. stocks fell to their worst loss since Election Day.
‘It was very disheartening’: Nassau County residents seek answers after waking up to vandalism at their homes Read full article: ‘It was very disheartening’: Nassau County residents seek answers after waking up to vandalism at their homesJacksonville area to see sunshine Monday, storms by midweekRead full article: Make household chores easier and more with these Insider DealsThis $23 scarf is the ultimate accessory for people who refuse to be cold and boringFILE - A passerby moves past an electronic stock board showing Japan's stock prices outside a securities firm in Tokyo, on Oct.
11, 2024. FILE - A person stands near an electronic stock board showing Japan's Nikkei index at a securities firm in Tokyo, on Sept. 18, 2024. Trader Robert Charmak works on the floor of the New York Stock Exchange, Friday, Nov. 8, 2024. FILE - A passerby moves past an electronic stock board showing Japan's stock prices outside a securities firm in Tokyo, on Oct. 11, 2024. – Shares started out the week mixed in Asia after U.S. stocks fell to their worst loss since Election Day. Japan's Nikkei 225 index dropped 1% to 38,255.65 as the yen regained some strength against the U.S. dollar after the central bank governor, Kazuo Ueda, indicated that the Bank of Japan will continue to raise interest rates as conditions permit.The dollar fell to 154.46 Japanese yen from 154.54 yen late Friday. It had been trading above 156 yen last week. South Korea's Kospi jumped 2% to 2,465.60 after Samsung Electronics, the country's biggest company, announced a share buyback plan. Samsung's shares jumped 6%. Chinese markets advanced, with the Hang Seng in Hong Kong adding 1.2% to 19,655.58. The Shanghai Composite index gained 1.2% to 3,372.18. Recent data showed improvements in retail spending that economists say suggest government stimulus policies are giving the stagnant economy a boost. Elsewhere in Asia, Australia's S&P/ASX 200 edged 0.1% higher, to 8,295.40. Taiwan's Taiex lost 0.8% and the SET in Bangkok picked up 0.6%. The S&P 500 dropped 1.3% to 5,870.62, for its worst day since before Election Day to close out a losing week. The Dow Jones Industrial Average fell 0.7% to 43,444.99, and the Nasdaq composite sank 2.2% to 18,680.12. Vaccine manufacturers helped drag the market down after President-elect Donald Trump said he wants Robert F. Kennedy Jr., a prominentKennedy still needs confirmation from the Senate to get the job, and some analysts are skeptical about his chances. Biotech stocks broadly sank to some of the market’s worst losses, but the sharpest drop in the S&P 500 came from Applied Materials. It fell 9.2% as it forecast a range of future revenue below analysts' expectations, even though it reported a stronger-than-anticipated profit for the latest quarter. Companies face pressure to deliver big growth since their stock prices have been rising so much faster than their earnings. That’s made the stock market look pricey by a range of measures. The S&P 500 is still up 23% for the year and not far from itsStocks had been broadly roaring since Election Day, when Trump’s victory sent a jolt through financial markets worldwide. Investors immediately began sending up stocks of banks, smaller U.S. companies and But investors are also taking into account some of the potential downsides from Trump’s return to the White House, including worries that his policies could spur That’s forced traders to rethink how much relief the Federal Reserve could give the economy next year through cuts to interest rates. The Fed earlier this month lowered its main interest rate for the second time this year, and past forecasts indicated Fed officials saw more cuts as likely through 2025.about future decisions on interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said, though he declined to discuss how Trump’s potential policies could alter things.In other dealings early Monday, U.S. benchmark crude oil added 17 cents to $67.19 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude climbed 29 cents to $71.33 per barrel.Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
World News U.S. News Washington News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayNEW YORK (AP) — Shares were mixed in Asia early Tuesday after U.S. stock indexes drifted lower a day ahead of the U.S. presidential election. This week
Read more »
Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayShares are mixed in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D.
Read more »
Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayShares are mixed in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D.
Read more »
Election Day 2024 live updates: Polls open in Vermont as Election Day officially kicks offThere was a lot of controversy with the 2020 election results, and baseless conspiracy theories ran wild. So, do swing state voters have faith in the election process in 2024?
Read more »
Stock market today: Asian stocks climb after Wall Street's post-election boom slowsAsian shares are mostly higher after U.S. stocks slipped as the market’s rally following Trump’s election victory continued to cool.
Read more »
Stock market today: Asian stocks climb after Wall Street's post-election boom slowsAsian shares are mostly higher after U.S. stocks slipped as the market’s rally following Trump’s election victory continued to cool.
Read more »