Asian Shares Post Gains Following Wall Street Rebound on May 27, 2024

Quick Summary:

Asian shares were mostly higher on Monday after U.S.stocks bounced back from Wall Street’s worst day since April to finish higher for the week.

The Fed is trying to pull of the difficult feat of slowing the economy enough through high interest rates to stifle high inflation but not so much that it kneecaps the job market.

In Taiwan and South Korea, heavy buying of computer chip-related shares pushed benchmarks higher.The Taiex ended 1.1% higher after touching a fresh record.

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Article Details

Author / Journalist: Elaine Kurtenbach / The Associated Press

Category: BusinessStartups

Markets: PhilippinesAustraliaHong KongJapanSouth KoreaTaiwan

Topics: Oil prices Inflation Semiconductor industry Artificial intelligence Business Stock market U.S. economy Stock Market Outlook Wall Street rebound Asian shares Federal Reserve Corporate profits

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-27 @ 06:56:32 (1 months ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 758 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21101705

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 29 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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