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Stock market today: Wall Street points higher as earnings trickle in ahead of Friday's jobs report

The article from ABC News discusses the recent performance of Asian stock markets following a significant drop in South Korea's Kospi index, which fell by 2.3% due to concerns over the financial stability of Taeyoung Engineering & Construction, a major construction firm. This event triggered broader market jitters about potential defaults and economic stability. In response, other Asian markets also experienced declines: Hong Kong's Hang Seng Index dropped by 0.7%, and Japan's Nikkei 225 saw a decrease of 1.3%. Meanwhile, markets in China and Australia had mixed results, with Shanghai Composite slightly up and Australia's S&P/ASX 200 marginally down. The article also notes that U.S. stock futures were slightly lower, reflecting global economic concerns, particularly around inflation and the possibility of a recession. Additionally, there was mention of a slight increase in oil prices and a stable dollar against the yen, indicating cautious investor sentiment amidst these economic uncertainties.

Read the Full ABC Article at:
[ https://abcnews.go.com/Business/wireStory/stock-market-today-asian-stocks-slide-after-south-116436966 ]