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Asian shares are mixed after Wall Street's rally steadied

  • Asian shares closed mixed on Friday as Wall Street edged higher amid a cautious trading environment.
  • The market calm follows a temporary tariff stand-down between the US and China, while concerns persist about trade tensions and economic growth.
  • Japan’s economy contracted faster than expected in Q1 with exports down and consumer spending flat, while key indexes such as Tokyo's Nikkei fell 0.3%.
  • The S&P 500 increased by 0.4% to reach 5,916.93, marking its fourth consecutive day of gains and bringing it to less than 4% below the record level it achieved earlier this year.
  • Reports indicate that the Federal Reserve could have additional flexibility to reduce interest rates later in 2025 to help bolster the US economy, which is under strain from elevated tariffs and inconsistent economic indicators.
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Asian shares are mixed after Wall Street's rally steadied

Asian shares are mixed after Wall Street drifted higher following various reports on the U.S. economy.

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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news in on Friday, May 16, 2025.
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