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Asian cash markets finished mixed: the Nikkei 225 closed down 0.6 percent, the Hang Seng closed unchanged at 0 percent, the Shanghai Composite closed down 1.49 percent, the KOSPI closed down 0.27 percent and the ASX 200 closed up 0.51 percent. Asian volume leaders were Xiaomi down 2.32 percent, SoftBank Group down 3.27
Asian cash markets finished mixed: the Nikkei 225 closed up 0.33 percent, the Hang Seng closed down 0.31 percent, the Shanghai Composite closed up 0.29 percent, the KOSPI closed down 0.04 percent and the ASX 200 closed up 0.69 percent. Asian volume leaders were Xiaomi unchanged at 0 percent, SoftBank Group up 1.04 perc
The ISM services PMI surged to 55.4 in August from 54.1 previously, above the 54.3 market estimate and its strongest pace in six months.
The U.S. Personal Consumption Expenditures price index rose 3.7% year over year in July versus economist forecasts of 3.6%, while the monthly measure increased 0.2% and core PCE was unchanged at 3.3%.
Cisco Systems shares fall about 8% after the company reported fourth-quarter fiscal 2026 revenue of $17.25 billion, adjusted EPS of $1.22 and issued fiscal 2027 guidance above estimates.
The U.S. Producer Price Index was unchanged in July versus economists’ expected 0.2% rebound after June’s upwardly revised 0.1% decline, while the annual rate eased to 4.7% from 5.5%.
U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 150 points on Wednesday. The Dow traded up 0.32% to 52,675.73 while the NASDAQ rose 0.13% to 26,139.93. The S&P 500 also rose, gaining, 0.22% to 7,560.24. Leading and Lagging Sectors Consumer discretionary shares jumped by 1.2% on We