Today’s Market News |
Key developments on Friday: |
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Investors in Asia enter the final trading day of the week with sentiment dented a bit by surprisingly sticky U.S. inflation the day before, and with a sense of caution ahead of keenly-awaited news on China’s stimulus plans from Beijing the following day.
Wall Street only posted mild losses on Thursday, the downside perhaps cushioned by soft weekly jobless claims figures that would suggest the Fed remains on track to cut interest rates a further 50 basis points this year.
- The highlight in Asia’s calendar on Friday is the Bank of Korea’s interest rate decision. Economists expect the BOK to deliver its first interest rate cut since the pandemic, kicking off the easing cycle with a 25 basis point cut to 3.25%.
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
42,454.12 | -57.88 | 0.14%Negative |
|
trading lower
Nasdaq Composite Index
.IXIC |
18,282.05 | -9.57 | 0.05%Negative |
|
trading lower
S&P 500 Index
.SPX |
5,780.05 | -11.99 | 0.21%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
Nikkei Index
.N225 |
39,395.05 | +117.09 | 0.30%Positive |
|
trading higher
Hang Seng Index
.HSI |
21,435.76 | +798.52 | 3.87%Positive |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
81,467.10 | -167.71 | 0.21%Negative |
For more news visit Reuters.com
