Stock market today: Asian stocks mixed ahead of US jobs update following British rate hike
Asian stocks markets are mixed ahead of a U.S. jobs update that could influence interest rate plans after Britain’s central bank raised a key rate
By JOE McDONALD
Published - Aug 04, 2023, 02:24 AM ET
Last Updated - Aug 04, 2023, 02:24 AM EDT
BEIJING (AP) — Asian stocks markets were mixed Friday ahead of a U.S. jobs update that could influence interest rate plans after Britain’s central bank raised its key lending rate.
Shanghai, Hong Kong and Seoul rose. Tokyo and Sydney declined. Oil prices advanced.
Wall Street sank for a third day after the Bank of England on Thursday raised its benchmark lending rate to a 15-year high and indicated it could stay high for a while.
Investors were rattled a day earlier after Fitch Ratings cut its credit rating on U.S. government debt, despite analyst comments that the change made little difference.
