Today in the stock market: Asian stock prices exhibit volatility following Wall Street’s recent record highs

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Asian stocks showed mixed performance on Wednesday, with U.S. benchmark indices hitting new records despite signs of a potential slowdown in the U.S. economy. The Nikkei 225 in Tokyo rose 0.2%, driven by strong trade data for May. Hong Kong’s Hang Seng gained 2%, while the Shanghai Composite Index fell 0.3% following announcements to improve financial supervision in China.

In the U.S., the S&P 500 reached an all-time high for the 31st time this year, with Nvidia leading the way with a 3.5% gain. Nvidia’s success highlights concerns about market fragility due to the dominance of a few key performers. Retail sales in the U.S. met below-forecast expectations, raising concerns about consumer spending levels.

Despite these challenges, global fund managers are still bullish on stocks, with less cash on hand and increased investments in equities. Oil prices remained steady, with U.S. benchmark crude at $80.71 a barrel and Brent crude at $85.35. The dollar strengthened against the Japanese yen but fell slightly against the euro.

Overall, market performance in Asia and the U.S. is varied, with mixed economic data and investor sentiment driving fluctuations in stock prices. Concerns remain about potential risks and vulnerabilities in the global economy, even as some sectors continue to see growth and record gains.

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https://apnews.com/article/stock-markets-rates-inflation-9f49f89dc375db55bfc8f95a6226782b