Reported 4 months ago
Asian shares traded mixed as Japan's Nikkei 225 dropped 1%, while Australia's S&P/ASX 200 edged up, and South Korea's Kospi jumped. Recent data on wage growth in Japan could impact interest rates, with Wall Street hoping for a slowing US economy to control inflation. Treasury yields fell as job openings declined, sparking expectations for rate cuts. Concerns about a recession affecting corporate profits led to declines in oil prices and related stocks, while smaller companies and certain dividend-paying and tech stocks fared better.
Source: YAHOO