Asian stocks were mixed Tuesday after Wall Street edged higher Las investors awaited U.S. earnings reports and an update on economic growth.
Shanghai and Hong Kong declined while Tokyo advanced. Oil prices were little-changed.
Wall Street's benchmark S&P 500 index gained 0.1% on Monday after Coca-Cola Co. announced better quarterly profits than expected. Some 170 of the biggest U.S. companies are due to report earnings this week.
Also this week, U.S. government data are expected to show economic growth is slowing following repeated interest rate hikes to cool stubbornly high inflation.
If the economy cools, tech stocks will face a "difficult environment" maintaining high prices that have helped to buoy the market, said Edward Moya of Oanda in a report. He said stocks also face "big risks" from corporate earnings and a battle in Washington over raising the government's debt limit.
Bu hikaye The Statesman dergisinin April 26, 2023 sayısından alınmıştır.
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Bu hikaye The Statesman dergisinin April 26, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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