Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
Associated PressBANGKOK — Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains. That followed a split Thursday on Wall Street, where general stocks and other formerly downtrodden areas of the market rose while superstar Big Tech stocks gave back more of their stellar gains. Tokyo’s core consumer price index rose 2.2% in July, rising for the third straight month to its highest level in four months, adding to expectations that the Bank of Japan may raise its near-zero benchmark interest rate at a policy meeting next week. Continued losses for Nvidia and most of the handful of Big Tech stocks that have been primarily responsible for the S&P 500’s run to records this year weighed on the market. Still, the majority of U.S. stocks rallied Thursday after a surprisingly strong report on the U.S. economy raised hopes for profits of smaller companies’ other formerly unloved areas of the market.