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Asian shares mixed after wobbly day on Wall Street
BANGKOK — Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
Benchmarks rose in Tokyo, Seoul and Sydney but fell in Hong Kong and Shanghai. Oil prices rose while U.S. futures were little changed.
Rising energy prices and Treasury bond yields were weighing on sentiment, and investors are awaiting remarks expected for midweek by central bank leaders including Federal Reserve Chair Jerome Powell and European Central Bank chief Christine Lagarde, analysts said.
Investors will get another update on U.S. economic growth on Wednesday when the Commerce Department releases a report on first-quarter gross domestic product.
U.S. consumer confidence data is also on the agenda in a week with few other major economic releases, leading some investors to adopt a “wait and see” stance, said Jun Rong Yeap of IG.
“For now, traders…
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