Reported 4 months ago
Asian shares rose on Friday despite Wall Street's decline, with Tokyo's Nikkei and Seoul's Kospi gaining. Chinese factory activity weakened, but Chinese shares still rose. Hong Kong's Hang Seng index and Shanghai Composite index also saw gains, while Australia's S&P/ASX 200 rose. On Wall Street, the S&P 500, Dow Jones, and Nasdaq fell, with Salesforce and Kohl’s experiencing significant losses, while Best Buy and Foot Locker reported better-than-expected profits. Easing Treasury yields provided relief, and a slowdown in the U.S. economy could lead to potential Federal Reserve rate cuts. U.S. crude oil prices dipped, and the dollar weakened against the yen and euro.
Source: YAHOO