S&P 500   4,581.80 (+0.15%)
DOW   35,670.31 (-0.24%)
QQQ   382.64 (+0.93%)
AAPL   149.70 (+0.25%)
MSFT   325.84 (+5.07%)
FB   315.99 (+0.06%)
GOOGL   2,963.63 (+6.37%)
TSLA   1,047.23 (+2.83%)
AMZN   3,435.69 (+1.77%)
NVDA   249.04 (+0.76%)
BABA   169.65 (-0.20%)
NIO   39.85 (-1.53%)
CGC   12.94 (-1.75%)
GE   104.10 (-3.11%)
AMD   124.61 (+1.37%)
MU   68.22 (-1.04%)
T   25.15 (-0.87%)
F   15.69 (-1.57%)
ACB   6.89 (-1.99%)
DIS   170.24 (-1.05%)
PFE   42.93 (-1.45%)
BA   208.84 (-0.46%)
AMC   35.18 (-2.41%)
S&P 500   4,581.80 (+0.15%)
DOW   35,670.31 (-0.24%)
QQQ   382.64 (+0.93%)
AAPL   149.70 (+0.25%)
MSFT   325.84 (+5.07%)
FB   315.99 (+0.06%)
GOOGL   2,963.63 (+6.37%)
TSLA   1,047.23 (+2.83%)
AMZN   3,435.69 (+1.77%)
NVDA   249.04 (+0.76%)
BABA   169.65 (-0.20%)
NIO   39.85 (-1.53%)
CGC   12.94 (-1.75%)
GE   104.10 (-3.11%)
AMD   124.61 (+1.37%)
MU   68.22 (-1.04%)
T   25.15 (-0.87%)
F   15.69 (-1.57%)
ACB   6.89 (-1.99%)
DIS   170.24 (-1.05%)
PFE   42.93 (-1.45%)
BA   208.84 (-0.46%)
AMC   35.18 (-2.41%)
S&P 500   4,581.80 (+0.15%)
DOW   35,670.31 (-0.24%)
QQQ   382.64 (+0.93%)
AAPL   149.70 (+0.25%)
MSFT   325.84 (+5.07%)
FB   315.99 (+0.06%)
GOOGL   2,963.63 (+6.37%)
TSLA   1,047.23 (+2.83%)
AMZN   3,435.69 (+1.77%)
NVDA   249.04 (+0.76%)
BABA   169.65 (-0.20%)
NIO   39.85 (-1.53%)
CGC   12.94 (-1.75%)
GE   104.10 (-3.11%)
AMD   124.61 (+1.37%)
MU   68.22 (-1.04%)
T   25.15 (-0.87%)
F   15.69 (-1.57%)
ACB   6.89 (-1.99%)
DIS   170.24 (-1.05%)
PFE   42.93 (-1.45%)
BA   208.84 (-0.46%)
AMC   35.18 (-2.41%)
S&P 500   4,581.80 (+0.15%)
DOW   35,670.31 (-0.24%)
QQQ   382.64 (+0.93%)
AAPL   149.70 (+0.25%)
MSFT   325.84 (+5.07%)
FB   315.99 (+0.06%)
GOOGL   2,963.63 (+6.37%)
TSLA   1,047.23 (+2.83%)
AMZN   3,435.69 (+1.77%)
NVDA   249.04 (+0.76%)
BABA   169.65 (-0.20%)
NIO   39.85 (-1.53%)
CGC   12.94 (-1.75%)
GE   104.10 (-3.11%)
AMD   124.61 (+1.37%)
MU   68.22 (-1.04%)
T   25.15 (-0.87%)
F   15.69 (-1.57%)
ACB   6.89 (-1.99%)
DIS   170.24 (-1.05%)
PFE   42.93 (-1.45%)
BA   208.84 (-0.46%)
AMC   35.18 (-2.41%)

Asian shares mostly higher despite lingering energy worries

Monday, October 11, 2021 | Yuri Kageyama, AP Business Writer


People pass by an electronic stock board of a securities firm in Tokyo, Monday, Oct. 11, 2021. Asian shares were mostly higher on Monday despite persisting worries about the region’s energy crunch and coronavirus infections. (AP Photo/Koji Sasahara)

TOKYO (AP) — Asian shares were mostly higher on Monday despite persisting worries about the region’s energy crunch and coronavirus infections.

Benchmarks in Japan and China rose, while South Korean markets were closed for a national holiday. Shares fell in Australia.

Japan’s new prime minister, Fumio Kishida, calmed worries in Japan by backing away from comments suggesting he favored raising taxes on capital gains and dividends. The possibility of such an increase had spooked investors after he took office a week ago.

U.S. stock indexes closed lower last week following a disappointing jobs report. This week, attention turns to inflation numbers due out on Wednesday, and upcoming corporate earnings.

Tokyo's benchmark Nikkei 225 jumped 1.5% to 28,455.71 in afternoon trading. Australia's S&P/ASX 200 dipped 0.3% to 7,299.80. Hong Kong's Hang Seng surged 1.8% to 25,296.08, while the Shanghai Composite added 0.2% to 3,598.38. South Korean markets were closed for a national holiday.

Revving up the world's third largest economy remains an important mission for Kishida, but he is widely seen as the choice of the old guard of the ruling Liberal Democratic Party, which has dominated politics since World War II. Some critics say change is needed if the nation hopes to remain competitive, especially when the pandemic has created new kinds of problems, ranging from shifts in work styles to supply shortages.

The rally could be short-lived as other worries remain. Like Europe, Asia is seeing fuel shortages that could hinder recoveries from the pandemic.

“The energy crisis also continues, with India and China both flagging blackouts that will hit supply chains from another angle, and China seeing massive flooding in the coal-producing region it is relying on to keep the lights running,” RaboResearch said in a market commentary.

The weak U.S. jobs report Friday raised questions about the Federal Reserve's timeline for paring back its immense support for markets. The S&P 500 fell 0.2% to 4,391.34. The Dow Jones Industrial Average fell less than 0.1%, to 34,746.25, while the Nasdaq composite slid 0.5%, to 14,579.54.

Much of Wall Street had assumed that the job market had improved enough for the Fed to soon begin paring back its monthly purchases of bonds meant to hold down longer-term interest rates. But Friday’s jobs report showed that employers added just 194,000 jobs last month, well short of the 479,000 that economists expected.

Inflation remains a concern, and many investors still expect the Fed to stick to its timetable.

In energy trading, U.S. benchmark crude jumped $1.49 to $80.84 a barrel in electronic trading on the New York Mercantile Exchange. It rose $1.05 to $79.35 on Friday. Brent crude, the international standard, gained $1.18 to $83.57 a barrel.

In currency trading, the U.S. dollar rose to 112.72 Japanese yen from 112.21 yen. The euro cost $1.1579, up from $1.1571.


7 Undervalued Stocks in an Overvalued Market

In June 2021 the investment firm, Bespoke Investments made this ominous pronouncement: “Investors simultaneously think the market is overvalued, but likely to keep climbing.”

This statement was meant to be a warning to investors. However, investors have shown that they can be very resilient even as the major indices continue to reach new highs.

So it would seem strange to be looking at a list of undervalued stocks. But looking at undervalued stocks is a form of value investing. And in 2021, investors are shifting between growth and value investing on a monthly, if not weekly basis.

An undervalued stock is one that is considered to be trading below its fair value. However, there’s no singular right way to identify undervalued stocks. Some investors prefer to look at fundamental metrics. Others will look for technical signals.

The one common element of all undervalued stocks is that they are stocks that have room to grow. That’s something that all investors can get behind. And in this special presentation, we’ll take a look at seven stocks that are showing signs of being undervalued at this time.

View the "7 Undervalued Stocks in an Overvalued Market".


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