Asian markets mixed as Wall Street tech losses weigh

Asian shares mixed after Wall Street tech stocks retreat

Asian markets showed mixed results on Thursday as Wall Street tech losses weighed on global sentiment. Tokyo and Sydney saw gains, while Chinese stocks retreated amid profit-taking.

Asian shares mixed after Wall Street tech stocks retreat

Asian shares were mixed Thursday following a tech-driven pullback on Wall Street.

Regional performance:

Wall street recap:

  • S&P 500: Down 0.4% to 5,998.74, snapping a seven-day win streak.
  • Dow Jones: Fell 0.3% to 44,722.06.
  • Nasdaq: Declined 0.6% to 19,060.48, dragged by Nvidia (-1.2%), Microsoft (-1.2%), and Broadcom (-3.1%).

Losses were tempered by gains in financials and health care, with Berkshire Hathaway (+0.9%) and Merck (+1.5%).

 

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Economic data:

  • The U.S. economy grew 2.8% in Q3, driven by strong consumer spending. Inflation rose slightly in October, with PCE at 2.3%.

Oil and currency markets:

  • Brent crude fell to $72.15 per barrel.
  • The dollar strengthened to 151.56 yen.

U.S. markets are closed Thursday for Thanksgiving, reopening for a half-day Friday.

 

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