Stock Market Live Updates: Asia’s stocks react to US closure amid inflation-interest rate balancing act

Stock to buy today: KRBL (₹412.70)

The short-term outlook is bullish for KRBL. The stock has been moving up well since July beginning this year. There is an important resistance at ₹428.

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Asia’s stocks react to US closure amid inflation-interest rate balancing act

Asia’s stock market witnessed a varied performance subsequent to the stable closure of US stocks on Thursday. Investors juggled moderating inflation with the likelihood of sustained high interest rates. Australian shares initiated with a decline, while futures for Hong Kong equities exhibited an upward trend.

Also, investors will be closely monitoring the yen, as the Japanese currency declined to its lowest level against the euro in 15 years and approached the 145.00 mark against the dollar on Thursday.

Flat close on Wall Street amid inflation concerns and tech valuations

Wall Street’s major indexes end flat, relinquishing early gains despite mild inflation data. Investors worry about long-term U.S. economic prospects and tech valuations, raising questions about further stock growth. The S&P 500 gained 1.34 points, or 0.03%, to end at 4,469.05 points, while the Nasdaq Composite gained 16.39 points, or 0.12%, to 13,739.06. The Dow Jones Industrial Average rose 50.28 points, or 0.15%, to 35,173.64.