Stocks were mixed in Asia on Tuesday after closing broadly lower on Wall Street, where the Dow Jones Industrial Average fell into what’s known as a bear market.
The week started out with a bout of selling amid an extended slump for many markets. The benchmark S&P 500 is down more than 7% in September.The week started out with a bout of selling amid an extended slump for many markets. The benchmark S&P 500 is down more than 7% in September.
Investors have been particularly focusing on the Federal Reserve and its aggressive interest rate hikes. But volatility in currency markets has further roiled markets in recent days. The pound was at $1.0765, up from $1.0686 late Monday. The dollar bought 144.49 yen, down from 144.65 yen, and the euro rose to 96.29 cents from 96.10 cents.
The latest consumer confidence report, for September, from the business group The Conference Board will be released on Tuesday. The government will release its weekly report on unemployment benefits on Thursday, along with an updated report on second-quarter gross domestic product.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia-Pacific Markets Open Higher Following Negative Start to the WeekShares in the Asia-Pacific were higher on Tuesday after sharp falls on Monday.
Read more »
Ceremony and controversy await Harris during visit to AsiaAttending funerals on behalf of the U.S. is normally a straightforward assignment for a vice president, but Harris will confront controversy at nearly every turn as she visits Asia for the memorial honoring former Japanese Prime Minister Shinzo Abe.
Read more »
Ceremony and controversy await Harris during visit to AsiaWASHINGTON (AP) — Attending funerals on behalf of the United States is normally a straightforward assignment for a vice president, but Kamala Harris will confront controversy at nearly every …
Read more »
Harris to attend Abe's funeral, visit Asia amid strain between Japan, South KoreaRelations between South Korea and Japan remain strained because of the legacy of Japan’s aggression during World War II.
Read more »