Markets mixed amid sluggish US debt talks

By Agence France-Presse

May 18, 2023 12:08 am

HONG KONG: Unease over the slow progress of US debt talks further dampened sentiment in equity markets on Wednesday, though Japanese stocks got a boost from forecast-beating economic growth data.

Regional traders were provided a tepid lead from Wall Street, where disappointing retail sales data and weak earnings from Home Depot indicated softening consumer demand.

UNEASY A man walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm on Wednesday, May 17, 2023, in Tokyo. Asian shares were trading mixed Wednesday as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty. AP PHOTO

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