BANGKOK (AP) — Asian shares were mixed on Monday after Wall Street capped its eighth straight winning week with a quiet finish following reports showing…
Asian shares were mixed on Monday after Wall Street capped its eighth straight winning week with a quiet finish following reports showing inflation on the way down and the economy potentially on the way up.
Tokyo’s Nikkei 225 added 0.2% to 33,225.45 and the Taiex in Taiwan gained 0.1%. Bangkok’s SET was up 0.2%. The Shanghai Composite index lost 0.3% to 2,905.79.
Most markets in the region and beyond were closed for the Christmas holiday.
On Friday, the S&P 500 rose 0.2% to sit less than 1% below its record set nearly two years ago, at 4,754.63. The Dow slipped less than 0.1% to 37,385.97, and the Nasdaq gained 0.2% to 14,992.97.
With its eight straight weekly gains, the S&P 500 is in the midst of its longest winning streak since 2017.
Wall Street’s focus was squarely on a suite of economic reports released Friday that led to some swings in Treasury yields.
