{"id":104820,"date":"2025-08-29T06:24:11","date_gmt":"2025-08-29T06:24:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/104820\/"},"modified":"2025-08-29T06:24:11","modified_gmt":"2025-08-29T06:24:11","slug":"asian-shares-are-mixed-after-stocks-add-a-bit-to-their-records-on-wall-street","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/104820\/","title":{"rendered":"Asian shares are mixed after stocks add a bit to their records on Wall Street"},"content":{"rendered":"

MANILA, Philippines (AP) \u2014 Asian shares were mixed on Friday as investors awaited a key U.S. inflation report and after gains in technology stocks on Wall Street<\/a> helped propel the market to another all-time high.<\/p>\n

U.S. futures and oil prices slipped. <\/p>\n

In Tokyo, the Nikkei 225 fell 0.2% to 42,744.80 after a slew of data released Friday showed Japan\u2019s factory output slumped in July as higher tariffs hit on exports to the United States. Inflation in Tokyo also slowed to 2.6% year-on-year, while the jobless rate fell to 2.3% in July from 2.5% in June.<\/p>\n

\u201cToday\u2019s Japanese data was mixed, with disappointing industrial production threatening third-quarter growth, while a tight labor market points to increased wages and underlying inflation remaining firm,\u201d ING Economics said in a commentary. \u201cWe still think October is the most likely timing for a Bank of Japan rate hike.\u201d<\/p>\n

In Chinese markets, Hong Kong\u2019s Hang Seng index rose 0.7% to 25,179.39, while the Shanghai Composite index added 0.2% to 3,849.76. Shares in computer chipmaker Cambricon Technologies shed gains on Friday after soaring 15.7% to 1,587.91 yuan ($222) a day earlier, becoming the priciest stock on Shanghai\u2019s exchange.<\/p>\n

\u201cHyper-growth in China\u2019s tech landscape is starting to feel like a zero-sum cage fight rather than a clean runway. Even Cambricon\u2019s AI chip story, this week\u2019s darling, is now flashing red lights, warning of trading risks after an 8% skid,\u201d Stephen Innes of SPI Asset Management said in a commentary.<\/p>\n

South Korea\u2019s KOSPI shed 0.1% to 3,193.05, while Australia\u2019s S&P\/ASX 200 edged 0.1% lower to 8,973.30.<\/p>\n

Taiwan\u2019s TAIEX was up 0.5% while India\u2019s BSE Sensex fell less than 0.1%.<\/p>\n

On Thursday, the S&P 500 rose 0.3%, lifting the benchmark index to its second record high in a row. The Dow Jones Industrial Average reversed an early slide and gained 0.2%, enough to move past its record high set last Friday. <\/p>\n

The Nasdaq composite closed 0.5% higher, finishing just short of its all-time high set two weeks ago.<\/p>\n

Gains in the technology and communication services sectors offset losses elsewhere in the market. <\/p>\n

Tech giant Nvidia fell 0.8% a day after reporting quarterly earnings and revenue<\/a> that beat Wall Street analysts\u2019 forecasts, though the company noted that sales of its artificial intelligence chipsets rose at a slower pace than analysts anticipated. <\/p>\n

Traders also had their eye on new government reports on the job market and economy. <\/p>\n

The Labor Department reported that applications for unemployment benefits fell last week<\/a>, the latest sign that employers are holding onto their workers even as the economy has slowed<\/a>. <\/p>\n

The most recent government data suggests hiring has slowed sharply<\/a> since this spring.<\/p>\n

Meanwhile, the Commerce Department reported that U.S. gross domestic product \u2014- the nation\u2019s output of goods and services \u2014 grew at a 3.3% annual pace in the April-June quarter<\/a> after shrinking 0.5% in the first three months of this year due to the fallout from the Trump administration\u2019s trade wars.<\/p>\n

Still, the sluggishness in the job market is a key reason that Federal Reserve Chair Jerome Powell signaled last week<\/a> that the central bank may cut its key interest rate at its meeting next month. <\/p>\n

Friday will bring another update on inflation: the U.S. personal consumption expenditures index. Economists expect it to show that inflation remained at about 2.6% in July, compared with a year ago. Businesses have been warning investors and consumers about higher costs and prices because of tariffs.<\/p>\n

In other dealings on Friday, U.S. benchmark crude lost 43 cents to $64.17 per barrel. Brent crude, the international standard, slid 41 cents to $67.57 per barrel.<\/p>\n

The U.S. dollar rose to 146.98 Japanese yen from 146.95 yen. The euro fell to $1.1662 from $1.1684. ___ AP Business Writer Alex Veiga contributed. <\/p>\n

Teresa Cerojano, The Associated Press<\/p>\n","protected":false},"excerpt":{"rendered":"MANILA, Philippines (AP) \u2014 Asian shares were mixed on Friday as investors awaited a key U.S. inflation report…\n","protected":false},"author":2,"featured_media":104821,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,100],"class_list":["post-104820","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ca","tag-canada","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/104820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=104820"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/104820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/104821"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=104820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=104820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=104820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}