China to Rally on Reopen; Other Stocks Seen Mixed: Markets Wrap
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Asian shares are set for a mixed start after Wall Street slumped on Friday amid signs US inflation is stickier than expected. Chinese stocks are poised for a strong open after a week-long holiday.
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Published Feb 18, 2024 • 3 minute read
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(Bloomberg) — Asian shares are set for a mixed start after Wall Street slumped on Friday amid signs US inflation is stickier than expected. Chinese stocks are poised for a strong open after a week-long holiday.
Equity futures in Australia and Hong Kong edged higher while contracts in Japan fell after the S&P 500 dropped 0.5% from a fresh record on Thursday. Treasuries fell, with two-year yields up seven basis points to 4.65% on Friday after the producer price index rose on a sizable jump in costs of services.
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Bloomberg News
2024-02-18 17:49:22
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