Reported 5 months ago
Asian shares mostly fell on Friday following Wall Street's decline, driven by concerns over interest rates remaining high due to strong economic reports. U.S. futures and oil prices rose, while Japan's Nikkei 225 and Hong Kong's Hang Seng dropped. South Korea's Kospi and Australia's S&P/ASX 200 also declined, with Taiwan's Taiex slipping after hitting a record high. The S&P 500 and Dow Jones fell sharply, impacted by reports suggesting sustained high interest rates. Traders are reassessing expectations for Federal Reserve intervention as the economy shows strong growth, leading to higher Treasury yields. Nvidia's impressive profit report contrasted with Live Nation Entertainment's decline, and U.S. crude oil prices rose slightly.
Source: YAHOO