The article discusses the mixed performance of Asian shares following a tech rally on Wall Street. The Nikkei 225 in Tokyo gained 0.4% to 28,633.45, while the Shanghai Composite index slipped 0.2% to 3,317.65. The Hang Seng in Hong Kong lost 0.3% to 20,040.86. The S&P 500 rose 1.6% on Wednesday, with big tech companies leading the rally. The Nasdaq composite climbed 2.6%. Investors were encouraged by a report showing inflation cooled more than expected in July. The easing data raised hopes that the Federal Reserve may be able to moderate its interest rate hikes intended to rein in high inflation. However, the article notes that some analysts cautioned it’s likely too early to declare victory over inflation.
Source: https://apnews.com/article/stocks-markets-rates-nikkei-earnings-6091466ea1757a2636fa371c7998decf