Stock market today: Asian shares mixed in choppy trading after US inflation report
Asian shares were mixed in choppy trading Thursday after a report showed evidence that inflation in the United States is cooling, even if it remains too high
TOKYO AP" target="_self">(AP) — Asian shares were mixed in choppy trading Thursday after a report showed evidence that inflation in the United States was cooling, even if it remains too high.
Japan's benchmark Nikkei 225 dipped nearly 0.1% in afternoon trading to 29,102.25. Australia's S&P/ASX 200 slipped 0.1% to 7,249.00. South Korea's Kospi added 0.1% to 2,499.99. Hong Kong's Hang Seng lost 0.4% to 19,693.89, while the Shanghai Composite was little changed, inching up less than 0.1% to 3,319.53.
Concerns about the Chinese economy remain a major focus, especially for the Asian region, with the latest cause for worry coming from trade data released Tuesday.
“China could be heading into a deflationary funk similar to the one that Japan is starting to emerge from,” said Stephen Innes, managing partner at SPI Asset Management.
