Asia-Pacific stocks trade mixed after losses on Wall Street
Publishing timestamp: 2023-01-18 23:31:57
Summary
Shares in Asia-Pacific traded mixed on Thursday after tracking losses on Wall Street overnight. Japan recorded another trade deficit for December, while South Korea's Kospi inched up and Australia's S&P/ASX 200 edged up. Cryptocurrencies traded lower as crypto lender Genesis prepares to file for bankruptcy. Oil prices dropped more than dollar following disappointing U.S. retail sales reading, while Australia's unemployment rate inched up. Investment veteran Andrew Slimmon said he believes stocks are going to do "far better" than most expect this year, while fund manager Trent Masters of Alphinity Investment Management said he picks stocks with one key quality: earnings resilience. Cleveland Federal Reserve President Loretta Mester said Wednesday that interest rates have to keep moving higher even with recent inflation readings softening. Holiday sales numbers came in lighter than expected for 2022 according to data from National Retail Federation.
Sentiment: MIXED
Tickers: .HSI, JPY=, BTC.CM=, ETH.CM=, @LCO.1, .KS11, @CL.1, .AXJO, .N225, .SSEC, .SZI,
Keywords: chicago, australia, business news, breaking news: markets, breaking news: asia, osaka, usd/jpy, japan, markets,
Source: https://www.cnbc.com/2023/01/19/asia-pacific-stocks-set-to-drop-tracking-losses-on-wall-street-.html