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- A currency trader works near the screens showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 4, 2023. Markets: Asian stock markets were mixed Thursday after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it isn't sure what may come next. (AP Photo/Ahn Young-joon)
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Stock market today: Asian markets mixed after US rate hike
By JOE MCDONALD - AP Business Writer
Wed,05/03/23-1:25AM , 627 Reads
BEIJING (AP) — Asian stock markets were mixed Thursday after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it wasn't sure what may come next.

Shanghai and Hong Kong advanced while Seoul and Sydney declined. Japanese markets were closed for a holiday.
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- Jihad Azour, the director of the Middle East and Central Asia Department at the International Monetary Fund, speaks to The Associated Press in Dubai, United Arab Emirates, Tuesday, May 2, 2023. Economies across the Middle East and Central Asia likely will slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains, the International Monetary Fund said Wednesday, May 3, 2023. (AP Photo/Jon Gambrell)
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IMF says inflation to slow growth across Mideast this year
By NICK EL HAJJ - Associated Press
Wed,05/03/23-1:01AM , 117 Reads
DUBAI, United Arab Emirates (AP) — Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains, the International Monetary Fund said Wednesday.
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- Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, May 3, 2023, following the Federal Open Market Committee meeting. (AP Photo/Carolyn Kaster)
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Fed raises key rate but hints it may pause amid bank turmoil
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,05/02/23-10:17PM , 132 Reads
WASHINGTON (AP) — The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.
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- Youths move on the street during a demonstration, Monday, May 1, 2023 in Paris. Across France, thousands marched in what unions hope are the country's biggest May Day demonstrations in years, mobilized against President Emmanuel Macron's recent move to raise the retirement age from 62 to 64. (AP Photo/Aurelien Morissard)
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May Day: World’s workers rally, France sees pension anger
By ALEX TURNBULL, ANGELA CHARLTON AND HYUNG-JIN KIM - Associated Press
Mon,05/01/23-12:56AM , 305 Reads
PARIS (AP) — People squeezed by inflation and demanding economic justice took to streets across Asia, Europe and the Americas on Monday to mark May Day, in an outpouring of worker discontent not seen since before the worldwide COVID-19 lockdowns.
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