Stock market today: Asian shares are mixed, taking hot US inflation data in stride

Release time：2024-05-07 12:31:23 Source：Global Gatherings news portal

BANGKOK (AP) — Asian shares were mixed Thursday after U.S. stocks fell on worries that what had seemed like a blip in the battle to bring down inflation may be a troubling trend.

Oil prices edged higher and U.S. futures were flat.

South Korean shares were little changed after the ruling conservative party suffered a crushing defeat in a parliamentary election. The Kospi edged less than 0.1% higher, to 2,708.15.

The results were a huge political blow to President Yoon Suk Yeol, and Prime Minster Han Duck-soo and all Yoon’s senior presidential advisers except those in charge of security issues submitted their resignations Thursday.

Elsewhere in Asia, Tokyo’s Nikkei 225 lost 0.4% to 39,432.61 and the Hang Seng in Hong Kong was down 0.6%, at 17,037.80.

The Shanghai Composite index gained 0.4% to 3,038.68 and the S&P/ASX 200 fell 0.4% to 7,816.00.

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