(usda loan mortgage companies, qualifications for a conventional mortgage loan, mortgage home loan process, va mortgage loan credit score requirements, what is the mortgage rate for a va loan, how to apply for a va mortgage loan, mortgage loan omaha, movement mortgage va loan, sierra pacific mortgage my home loan, when to refinance mortgage loan, how much is a jumbo mortgage loan, mortgage loan options for first time home buyers, mortgage loan income to debt ratio, what does it take to be a mortgage loan officer, refinance mortgage and equity loan, qualify for a fha mortgage loan, second mortgage or home equity loan, advantages of a va mortgage loan, va mortgage loan closing costs, apply for mortgage loan online with bad credit, mortgage loan disclosures within 3 days, how to get home mortgage loan, federal home loan mortgage company, prequalify for mortgage loan online, refinance mortgage vs home equity loan, citigroup mortgage loan trust inc phone number, mortgage loan pre approval online, mortgage loan expenses, apply online for mortgage loan, second mortgage loan companies, harp loan second mortgage, fha loan without mortgage insurance, home loan mortgage broker, can i refinance my mortgage and home equity loan together, what is the maximum loan amount for a reverse mortgage, 200k loan mortgage, can i get a home improvement loan with my mortgage, 21st mortgage loan requirements, no mortgage home equity loan, pre approved mortgage but denied loan, bank or mortgage company for home loan, mortgage loan grants, va loan mortgage companies, 100 loan to value mortgage refinance, mortgage loan rate vs apr, veterans mortgage loan, estimate mortgage loan approval amount, who can get a va mortgage loan, is a home equity loan the same as a mortgage, va mortgage loan eligibility, difference between mortgage and home loan, reverse mortgage loan rates, reverse mortgage home loan, reverse mortgage loan scheme sbi, best cheapest car insurance company, who is the best car insurance company for young drivers, best term insurance company, best online car insurance company, best insurance company for drivers with points, best cheap car insurance company, best company for auto insurance, best cheapest auto insurance company, best car insurance company for new drivers, best company for car insurance, cheapest best auto insurance company, which is the best insurance company for auto, what is the best home and auto insurance company, what is the best and cheapest auto insurance company, best and cheapest car insurance company, best company for home and auto insurance, navigators insurance company am best rating, best car insurance company 2015, what is the best insurance company for auto, best car insurance company california, what is the cheapest and best car insurance company, best car insurance company in california, best online insurance company, who is the best rated auto insurance company, best insurance company for auto and home, automotive accident lawyers, accident automotive, automotive insurance company, cheap automotive insurance, automotive insurance, automotive insurance quotes, automotive insurance new york, automotive insurance companies, automotive certification online)

Asian benchmarks mixed as markets eye COVID, inflation risks | Business News

TOKYO (AP) – Asian shares had been mixed in Monday commerce as momentum from final week’s Wall Street rally pale amid mixed sentiment over China’s easing of coronavirus restrictions and international rate of interest hikes.

Benchmarks fell in Japan and South Korea whereas rising in China. Analysts say some buyers are being inspired by indicators of a slowdown in US inflation sooner than initially thought, whereas warning of things that may very well be fueling inflation, together with geopolitical risks.

“But it is far too hasty to draw a definitive conclusion on inflation risks,” stated Mizuho Bank’s Venkateswaran Lavanya.

Japan’s benchmark Nikkei 225 slipped 0.8% to twenty-eight,047.58 in morning commerce. Australia’s S&P/ASX 200 was little modified, rising lower than 0.1% to 7,163.10. South Korea’s Kospi slipped 0.2% to 2,479.52. Hong Kong’s Hang Seng was up 2.1% to 17,688.84, whereas the Shanghai Composite was up 0.4% to three,099.19.

“We also have the Democrats holding the Senate while the Republicans will likely control the House of Representatives. Political paralysis in times of economic crisis is not a good preview of what may lie ahead in the next two years. The current rally in stocks may be days away,” said Clifford Bennett, chief economist at ACY Securities, referring to the results of the US midterm elections.

Wall Street rallied last week amid hopes that inflationary pressures had eased. That would reduce the likelihood of the Federal Reserve raising interest rates further. However, some analysts said Wall Street’s rally was overdone.

The S&P 500 rose 36.56 points, or 5.5%, to 3,992.93 on its best day in more than two years. Its 5.9% weekly gain was its third in the past four and its biggest since June.

The Dow was up 32.49, or 0.1%, to 33,747.86 and the Nasdaq was up 209.18, or 1.9%, to 11,323.33. Both also posted strong gains for the week.

Markets are getting a boost from China’s easing of some of its tough anti-COVID measures that have hurt the world’s second largest economy. The easing of restrictions means potentially more growth in China, a clear plus for the Asian region.

A report last week showed that inflation in the United States has slowed more-than-expected over the past month. The Fed has already raised its federal funds rate to a range of 3.75% to 4% from virtually zero in March. The likely scenario is still for further hikes into next year.

In energy trading, benchmark US crude was up 22 cents at $89.18 a barrel. US crude was up 2.9% on Friday at $88.96 a barrel. Brent crude, the international standard, rose 29 cents to $96.28 a barrel.

In forex trading, the US dollar rose to 139.20 Japanese yen from 138.76 yen. The euro cost $1.0391 compared to $1.0356.

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

Copyright 2022 The Associated Press. All rights reserved. This materials might not be printed, broadcast, transcribed or redistributed with out permission.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button