Asian stock markets were mixed Thursday after Wall Street surged to its biggest daily gain since July despite uncertainty about the global outlook. Benchmarks in Tokyo, Seoul and Sydney advanced. Shanghai and Hong Kong opened higher but were in negative territory by midday. Wall Street's benchmark S&P 500 index gained 1.5% on Wednesday after a report on hiring that some analyst said might indicate the U.S. job market recovery could be fading. Forecasters warn the stock market recovery might be running too far ahead of economic activity as the United States and some other countries reimpose anti-virus controls that hamper business.

Source: International New York Times September 03, 2020 05:37 UTC