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Asian shares mixed after stocks add bit to their records on Wall Street
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....sian shares mixed after stocks add bit to their records on Wall Street<BR>Customs & Trade<BR>Dated:- 29-8-2025<BR>PTI<BR>Manila, Aug 29 (AP) Asian shares were mixed on Friday as investors awaited a key US inflation report and after gains in technology stocks on Wall Street helped propel the market to another all-time high. US futures and oil prices slipped. In Tokyo, the Nikkei 225 fell 0.2 pe....
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....r cent to 42,744.80 after a slew of data released Friday showed Japan's factory output slumped in July as higher tariffs hit on exports to the United States. Inflation in Tokyo also slowed to 2.6 per cent year-on-year, while the jobless rate fell to 2.3 per cent in July from 2.5 per cent in June. “Today's Japanese data was mixed, with disappointing industrial production threatening third-quart....
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....er growth, while a tight labour market points to increased wages and underlying inflation remaining firm,” ING Economics said in a commentary. “We still think October is the most likely timing for a Bank of Japan rate hike.” In Chinese markets, Hong Kong's Hang Seng index rose 0.7 per cent to 25,179.39, while the Shanghai Composite index added 0.2 per cent to 3,849.76. Shares in computer c....
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....hipmaker Cambricon Technologies shed gains on Friday after soaring 15.7 per cent to 1,587.91 Yuan (USD 222) a day earlier, becoming the priciest stock on Shanghai's exchange. “Hyper-growth in China's tech landscape is starting to feel like a zero-sum cage fight rather than a clean runway. Even Cambricon's AI chip story, this week's darling, is now flashing red lights, warning of trading risks ....
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....after an 8 per cent skid,” Stephen Innes of SPI Asset Management said in a commentary. South Korea's KOSPI shed 0.1 per cent to 3,193.05, while Australia's S&P/ASX 200 edged 0.1 per cent lower to 8,973.30. Taiwan's TAIEX was up 0.5 per cent while India's BSE Sensex fell less than 0.1 per cent. On Thursday, the S&P 500 rose 0.3 per cent, lifting the benchmark index to its second record high....
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.... in a row. The Dow Jones Industrial Average reversed an early slide and gained 0.2 per cent, enough to move past its record high set last Friday. The Nasdaq composite closed 0.5 per cent higher, finishing just short of its all-time high set two weeks ago. Gains in the technology and communication services sectors offset losses elsewhere in the market. Tech giant Nvidia fell 0.8 per cent a da....
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....y after reporting quarterly earnings and revenue that beat Wall Street analysts' forecasts, though the company noted that sales of its artificial intelligence chipsets rose at a slower pace than analysts anticipated. Traders also had their eye on new government reports on the job market and economy. The Labour Department reported that applications for unemployment benefits fell last week, the ....
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....latest sign that employers are holding onto their workers even as the economy has slowed. The most recent government data suggests hiring has slowed sharply since this spring. Meanwhile, the Commerce Department reported that US gross domestic product —- the nation's output of goods and services — grew at a 3.3 per cent annual pace in the April-June quarter after shrinking 0.5 per cent in t....
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....he first three months of this year due to the fallout from the Trump administration's trade wars. Still, the sluggishness in the job market is a key reason that Federal Reserve Chair Jerome Powell signalled last week that the central bank may cut its key interest rate at its meeting next month. Friday will bring another update on inflation: the US personal consumption expenditures index. Econo....
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....mists expect it to show that inflation remained at about 2.6 per cent in July, compared with a year ago. Businesses have been warning investors and consumers about higher costs and prices because of tariffs. In other dealings on Friday, US benchmark crude lost 43 cents to USD 64.17 per barrel. Brent crude, the international standard, slid 41 cents to USD 67.57 per barrel. The US dollar rose to....
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.... 146.98 Japanese Yen from 146.95 Yen. The Euro fell to USD 1.1662 from USD 1.1684. (AP) NPK NPK<BR> News - Press release - PIB....