(Bloomberg) Asian markets were mixed in cautious trading Thursday as US stock futures slipped after disappointing results from companies including Netflix Inc. and Tesla Inc.Most Read from BloombergA $500 Billion Corporate-Debt Storm Builds Over Global EconomyApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystWhat a UPS Strike Would Mean For Consume
(Bloomberg) Asian stocks were mixed Wednesday after a rally on Wall Street that was fueled by strength in US consumer confidence and home sales. The Australian dollar slumped on soft inflation data and the yen strengthened after verbal intervention in Tokyo. Most Read from BloombergStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’UBS Preparing to Cut Over Half of Credit Suisse WorkforceWagner Chief Lands in Belarus as Putin Says ‘Civil War’ AvertedPickleball Injuries May Cost A
"The market remains focused in the trade-off between the policy response to high inflation and fears of a hard landing," Westpac rates strategist Damien McColough wrote in a client note.
Chinese blue chips dropped 0.84%, and Hong Kong's Hang Seng suffered a 2.9% slide. Japan's Nikkei slumped 2.78%, and South Korea's Kospi declined 2.78%.