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2024

Asian shares trade higher after mixed trading on Wall Street

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Asian shares are mostly higher as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies. Benchmarks in Japan, Australia, South Korea and China rose in Friday trading. In Japan, industrial production rose 2.8% in July from the previous month, a rebound from minus 4.2% in June, according to Ministry of Economy, Trade and Industry. That was weaker than what the market had expected, but a sign of growth. Tokyo consumer prices rose more than expected to 2.6% on year in August, up from 2.2% in July, as prices of food and utilities surged.