The Associated Press reported that after a pullback on Wall Street, Asian stocks fell.
Asian stocks fell
news agency wam , 23 May 2024 - 19:10
The Associated Press reported that after a pullback on Wall Street, Asian stocks fell.
According to Amac News: Japan's Nikkei 225 index reached 39103.22 points with 1.3% growth. Australia's S&P/ASX 200 fell 0.5 percent to 7,811.80.
South Korea's Kospi rose 0.1 percent to 2,726.33 units. Hong Kong's Hang Seng fell 1.6 percent to 18,892.21, while the Shanghai Composite fell 1.2 percent to 3,120.35.
Net income for the quarter increased more than sevenfold from a year ago to $14.88 billion. Revenue more than tripled for the brand, which has become iconic on the back of the recent artificial intelligence boom.
Also in Asia, as expected, the Bank of Korea kept interest rates unchanged.
The S&P 500 was down 0.3 percent at 5,307.01. The Dow Jones Industrial Average fell 0.5 percent to 39,671.04 and the Nasdaq Composite fell 0.2 percent to 16,801.54 after hitting its latest record high.
In the bond market, the 10-year Treasury yield rose to 4.42 percent from 4.41 percent late Tuesday. Two-year yields, which are closer to Federal Reserve expectations, rose slightly more. It rose from 4.84% to 4.87%.
In other trading, US crude oil prices fell 57 cents to $77 a barrel. Brent crude, the international standard, fell 51 cents to $81.39 a barrel.
The US dollar fell from 156.80 yen to 156.62 Japanese yen. The euro rose to $1.0830 from $1.0824.
Story Code: 673