Shares in Asia are mostly higher, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June.
Australia’s S&P/ASX 200 slipped 0.3% to 7,019.70. In Seoul, the Kospi edged 0.1% higher, to 2,466.72.
September has brought a loss of 5.2% so far for the S&P 500, putting it on track to be the worst month of the year by far, as the realization sets in thatfor longer than hoped for. That understanding has sent yields in the bond market to their highest levels in more than a decade, undercutting prices for stocks and other investments.
A separate report said sales of new homes across the country slowed by more last month than economists expected, while a third report suggested manufacturing in Maryland, the Virginias and the Carolinas may be steadying itself following a more than yearlong slump.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Costco earnings top Wall Street estimates, but stock fallsCostco Wholesale Corp. shares slipped in the extended session Tuesday even after the membership warehouse chain reported quarterly results that topped Wall...
Read more »
Stock futures inch higher as Wall Street tries to recover from Tuesday's losses: Live updatesThe major averages slid during the regular session, as economic worries were reawakened.
Read more »
Microsoft sidesteps worst losing streak in more than a year as stock loses last bear analystMicrosoft Corp.'s stock sidestepped its worst losing streak in more than a year on Monday, the day the stock lost its last Wall Street bear.
Read more »
Exclusive: SEC collects Wall Street's private messages as WhatsApp probe escalates -sourcesThe U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps, said four people with direct knowledge of the matter.
Read more »
Battle the turmoil with these elite defensive stocks loved by Wall StreetThese stocks can help traders right out a week September and future market volatility.
Read more »
Rite Aid plans to close hundreds of stores, according to Wall Street Journal reportRite Aid, which is now based in Philadelphia, has nearly 2,100 stores nationwide.
Read more »