Shares are lower in most Asian markets after Wall Street benchmarks ended last week with a decline
Stocks fell in Tokyo, 香港 Shangha and Seoul but rose modestly in Sydney.
日本 reported its wholesale prices were near a 13-year high in August, adding to concerns over inflation as the country prepares for a leadership transition.
Prices have surged in the world’s three largest economies, および他の場所, as supply chain troubles, shipping bottlenecks and other disruptions arising from the pandemic hinder a return to normal growth.
Tokyo’s Nikkei 225 辞退 0.3% に 30,287.09 and the Hang Seng in Hong Kong lost 2.4% に 25,585.03. In Seoul, the Kospi shed 0.5% に 3,110.61, while the S&P / ASX 200 picked up 0.2% に 7,413.70. The Shanghai Composite index edged 0.1% lower to 3,697.94.
Shares fell in Taiwan and Southeast Asia.
“Cautious sentiments largely follow through with the downside move for U.S. markets last week, amid growth concerns along with rising inflationary pressures,” Jun Rong Yeap of IG said in a commentary.
Price pressures add to the likelihood that the 連邦準備金 and other central banks might move sooner to nudge interest rates up from the ultra-low levels they have been kept at to help fend off the worst impacts of the pandemic.
金曜日に, stocks pulled back and the S&P 500 lost 0.8% in its fifth straight decline, エンディング 1.7% lower for the week.
Stocks have traded in a narrow range for several weeks as many investors stick to the sidelines waiting to get a fuller understanding of where the economy is headed and how the pandemic is impacting businesses.
S&P 500 落ちた 34.70 に指差す 4,458.58. The Dow Jones Industrial Average lost 0.8% に 34,607.72. The tech-heavy Nasdaq composite sank 0.9%, に 15,115.49.
ラッセル 2000 index of smaller companies gave up 1%, に 2,227.55.
The yield on the 10-year Treasury note was steady at 1.33%.
我ら. inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.
Federal Reserve policymakers have said they believe inflation this year would be temporary and is a result of the economy recovering from the pandemic. しかしながら, persistently high inflation could force the Fed’s hand to start pulling back on its bond-buying program and low interest rate policy sooner than anticipated.
The pandemic remains in the forefront of investors’ minds, as hospitals fill up in the South and other parts of the country. President Joe Biden announced Thursday that companies with more than 100 employees would be required to have their employees vaccinated or do weekly testing, an announcement big companies have been willing to embrace.
Apple fell 3.3% after a federal judge ordered the iPhone maker to dismantle part of the competitive barricade guarding its closely run app store, which is one of its biggest moneymakers.
In other trading Monday, 我ら. benchmark crude oil added 25 セントから $69.97 ニューヨークマーカンタイル取引所での電子取引における1バレルあたり. It jumped $1.58 に $69.72 per barrel on Friday.
ブレント原油, the international pricing standard, 登った 18 セントから $73.10 バレルあたり.
アメリカ. dollar edged up to 110.01 日本円から 109.90 円. The euro slipped to $1.1790 から $1.1817.