Stock market today: Asian shares are mixed after Wall St edges lower on US policy uncertainty

HONG KONG — Asian shares were mixed on Friday after Wall Street retreated as investors were rattled by uncertainties brought by U.S. President Donald Trump.

U.S. futures were nearly unchanged and oil prices advanced.

Chinese markets declined for a second day. Hong Kong’s Hang Seng tumbled 2% to 23,733.02 after China kept its key lending rates unchanged. Traders have been unloading technology shares following recent gains.

The Shanghai Composite index lost 0.9% to 3,376.96.

In Tokyo, the Nikkei 225 added 0.5% to 37,933.13 as the markets reopened after a holiday on Thursday. Japan reported its core inflation rate fell less than forecast, partly boosted by a surge in rice prices due to a shortage of supplies.

Elsewhere in Asia, Korea’s Kospi picked up 0.1% to 2,643.59, while Australia’s S&P/ASX 200 rose by 0.4% to 7,947.30.

Bangkok’s SET gained 0.5% and the Taiex in Taiwan fell 0.4%.

On Thursday, the S&P 500 slipped 0.2% to 5,662.89, while the Dow Jones Industrial Average dipped less than 0.1 % to 41,953.32. The Nasdaq composite fell 0.3% to 17,691.63.

Wall Street has been swinging for weeks on a roller-coaster ride, as stock prices veer on uncertainty about what Trump’s trade war will do to the economy. Stocks got a boost Wednesday after the head of the Federal Reserve said the economy remains solid enough at the moment to leave interest rates where they are.

More data arrived Thursday to support that view. One report said slightly fewer U.S. workers filed for unemployment benefits last week than economists expected.

A separate report said sales of previously occupied homes were stronger last month than economists expected, while a third said manufacturing growth in the mid-Atlantic region appears to be better than economists expected.

Fed Chair Jerome Powell stressed on Wednesday that extremely high uncertainty is making it difficult to forecast what will happen next. It’s uncertainty not just about the trade war but also about the potential impact of moves to shrink the U.S. federal government.

The broad U.S. stock market was likely due for its recent drop, which took it more than 10% below its all-time high in just a few weeks after prices climbed much faster than corporate profits to make it look too expensive.

On Wall Street, Darden Restaurants climbed 5.8% after reporting profit for the latest quarter that matched analysts’ expectations. That was despite what the company behind Olive Garden, Ruth’s Chris Steak House and other restaurant chains called “a challenging environment.”

Accenture fell to one of the market’s larger losses Thursday even though the consulting and professional services company reported slightly better profit and revenue for the latest quarter than analysts expected. The worry is over the hit Accenture may take to revenue from the U.S. government as Elon Musk leads efforts to cut federal spending. The federal government accounted for 17% of Accenture’s North American revenue last fiscal year, and its stock sank 7.3%.

Also Thursday, Britain’s FTSE 100 fell 0.1% after the Bank of England kept its main interest rate unchanged.

In other dealings early Friday, U.S. benchmark crude oil gained 31 cents to $68.38 per barrel in electronic trading on the New York Mercantile Exchange.

Brent crude, the international standard, added 27 cents to $72.27 per barrel.

The U.S. dollar rose to 149.40 Japanese yen from 148.78 yen late Thursday. The euro fell to $1.0831 from $1.0854.

___

AP Business Writers Stan Choe and Matt Ott contributed.

Read More

  • Related Posts

    How major US stock indexes fared Wednesday, 10/29/2025

    U.S. stocks bounced around their records after the Federal Reserve made moves to boost the job market but warned that more help isn’t guaranteed ByThe Associated Press October 29, 2025,…

    How major US stock indexes fared Friday, 10/24/2025

    This page either does not exist or is currently unavailable. From here you can either hit the “back” button on your browser to return to the previous page, or visit…

    You Missed

    Denmark scraps letters: Postal service will stop delivering mail due to fall in demand

    • By poster
    • December 13, 2025
    • 2 views
    Denmark scraps letters: Postal service will stop delivering mail due to fall in demand

    Sydney CBD traffic grinds to a halt after e-bike rider dies in crash with garbage truck

    • By poster
    • December 13, 2025
    • 2 views
    Sydney CBD traffic grinds to a halt after e-bike rider dies in crash with garbage truck

    Trump’s Homeland Security Secretary Kristi Noem reveals extraordinary travel ban on ‘EVERY country flooding US with killers, leeches, and entitlement junkies’

    • By poster
    • December 13, 2025
    • 2 views
    Trump’s Homeland Security Secretary Kristi Noem reveals extraordinary travel ban on ‘EVERY country flooding US with killers, leeches, and entitlement junkies’

    Town set to host 600 asylum seekers spends £450,000 on Pooh’s birthday

    • By poster
    • December 13, 2025
    • 2 views
    Town set to host 600 asylum seekers spends £450,000 on Pooh’s birthday

    Will scapegoated OBR chief wield the knife on Reeves? Richard Hughes ‘knows where bodies are buried’ as Chancellor fights to cling on over Budget lies

    • By poster
    • December 13, 2025
    • 2 views
    Will scapegoated OBR chief wield the knife on Reeves? Richard Hughes ‘knows where bodies are buried’ as Chancellor fights to cling on over Budget lies

    Mom and stepfather accused of murdering pregnant daughter found in remote woods: ‘Evil personified’

    • By poster
    • December 12, 2025
    • 3 views
    Mom and stepfather accused of murdering pregnant daughter found in remote woods: ‘Evil personified’