Asian shares are mostly higher after Wall Street’s rally loses steam

Asian shares are mostly higher after Wall Street’s rally loses steam

MANILA, Philippines (AP) — Asian shares were mixed on Thursday, with major markets mostly higher despite overnight losses on Wall Street. U.S. futures edged higher while oil prices fell. Japan’s Nikkei 225 recovered from earlier losses, gaining 0.3% to 45,768.68. Minutes from the Bank of Japan’s July meeting released Thursday indicated policy officials were inclined…

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Analysts say 'greed is good' is back, as euphoria emerges in global financial markets

Analysts say ‘greed is good’ is back, as euphoria emerges in global financial markets

Analysts say global financial markets are entering a euphoric but potentially dangerous speculative phase. Such phases are typically characterised by investor mania for so-called meme stocks, made popular on the share market by social media posts. But investors are also chasing after cryptocurrencies, gold and small-cap stocks, or stocks with relatively low prices. Adelaide woman…

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