July 18, 2024

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Stock market today: Asian shares mostly decline as Nvidia weighs on Wall Street

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TOKYO (AP) — Asian shares were mostly lower Friday after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.

Japan’s benchmark Nikkei 225 finished little changed, down less than 0.1% at 38,596.47, after the government reported that the inflation rate ticked higher for the first time in three months, to 2.5% in May, up from 2.2% in April.

“We will have one more month of data before the next Bank of Japan meeting, which will be on close watch to determine if markets are getting ahead of themselves by leaning towards a potential rate hike in September this year,” said Yeap Jun Rong, market analyst at IG.

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The Associated Press

2024-06-21 03:41:57

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