Stock markets today: Asia mixed ahead of US earnings
Asian stocks are mixed after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth
By JOE McDONALD
Published - Apr 25, 2023, 02:54 AM ET
Last Updated - Jun 22, 2023, 04:19 AM EDT
BEIJING (AP) — Asian stocks were mixed Tuesday after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth.
Shanghai and Hong Kong declined while Tokyo advanced. Oil prices were little-changed.
Wall Street’s benchmark S&P 500 index gained 0.1% on Monday after Coca-Cola Co. announced better quarterly profits than expected. Some 170 of the biggest U.S. companies are due to report earnings this week.
Also this week, U.S. data are expected to show economic growth is slowing following interest rate hikes to cool stubbornly high inflation.
