Reported 2 days ago
Global stock markets showed mixed signals as Wall Street experienced its fifth consecutive decline, mainly influenced by Walmart's disappointing profits and concerns over potential interest rate cuts. Traders are awaiting insights on U.S. monetary policy from the upcoming Jackson Hole meeting, where Federal Reserve Chair Jerome Powell is scheduled to speak. While some Asian markets like Hong Kong's Hang Seng and Shanghai Composite saw gains, others like Taiwan's TAIEX experienced losses amid fluctuating inflation expectations.
Source: YAHOO