Stock market today: Asian shares are mixed as China reports its growth slowed in April-June
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Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. The future for the S&P 500 was up 0.3% and that for the Dow Jones Industrial Average was 0.2% higher. Hong Kong’s Hang Seng fell 1.5% early Monday to 18,021.73 on heavy selling of property developers. The Shanghai Composite slipped less than 0.1% to 2,970.77. In Seoul, the Kospi edged 0.1% higher to 2,860.92, while the S&P/ASX 200 gained 0.7% to 8,017.60. Taiwan’s Taiex lost 0.2% and the SET in Bangkok shed 0.7%. U.S. stocks rose after mixed signals on big banks’ profits. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. Bank of New York Mellon climbed 5.2% for one of the market’s bigger gains after it reported better profit for the spring than analysts expected. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September. U.S. benchmark crude oil shed 3 cents to $82.18 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, lost 10 cents to $84.93 per barrel.
https://www.whec.com/national-world/stock-market-today-asian-shares-are-mixed-as-china-reports-its-growth-slowed-in-april-june/
News10NBC /
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2024-07-15 07:15:30
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npub1gcycye4seh43pkc2r8eylt7ekynsm96qm2yj0f67nhgerpjeu72qgz9cckPublished at
2024-07-15 07:15:30Event JSON
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"content": "Stock market today: Asian shares are mixed as China reports its growth slowed in April-June\n==========\n\nAsian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. The future for the S\u0026P 500 was up 0.3% and that for the Dow Jones Industrial Average was 0.2% higher. Hong Kong’s Hang Seng fell 1.5% early Monday to 18,021.73 on heavy selling of property developers. The Shanghai Composite slipped less than 0.1% to 2,970.77. In Seoul, the Kospi edged 0.1% higher to 2,860.92, while the S\u0026P/ASX 200 gained 0.7% to 8,017.60. Taiwan’s Taiex lost 0.2% and the SET in Bangkok shed 0.7%. U.S. stocks rose after mixed signals on big banks’ profits. The S\u0026P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. Bank of New York Mellon climbed 5.2% for one of the market’s bigger gains after it reported better profit for the spring than analysts expected. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September. U.S. benchmark crude oil shed 3 cents to $82.18 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, lost 10 cents to $84.93 per barrel.\n\n\n\nhttps://www.whec.com/national-world/stock-market-today-asian-shares-are-mixed-as-china-reports-its-growth-slowed-in-april-june/",
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