Asian shares are trading mostly higher after the latest update on U.S. inflation came in almost exactly as economists expected, and data on Japan’s economy showed relatively healthy growth. Shares rose in Tokyo, Sydney, Hong Kong and Shanghai. Trading was closed in South Korea for a national holiday. Japan's grew at an annual rate of 3.
FILE - A person walks past at an electronic stock board showing Japan ’s stock prices at a securities firm in Tokyo, June 27, 2024. FILE - A person walks under the intense sun in front of Tokyo Stock Exchange building in Tokyo, on June 24, 2024. FILE - A person walks past at an electronic stock board showing Japan ’s stock prices at a securities firm in Tokyo, June 27, 2024.
The annual rate shows how much the economy would have grown or contracted, if the quarterly rate had continued for a year. On Wall Street, the S&P 500 rose 0.4% to follow up on one of its best days of the year and climb within 3.7% of its all-time high set last month. The Dow Jones Industrial Average gained 242 points, or 0.6%, to finish a day above the 40,000 level for the first time in nearly two weeks. The Nasdaq composite edged up less than 0.1%.
General News Economic Indicators Business I Economy F Japan Government World News Inflation United States Government Financial Markets Fumio Kishida World News
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