Australia, Japan, and Korea accuse China's APT40 of cyberattacks, marking Australia's first direct attribution. Meanwhile, S&P 500 and Nasdaq hit records as investors anticipate inflation data to gauge Fed rate moves.
Japan and Korea Support Australia’s Efforts to Counter Chinese Cyber Attacks
Australia led an advisory with Japan and Korea accusing a Chinese spy agency of hacking.
The advisory details APT40, a hacker group linked to China's Ministry of State Security, targeting government and private sector networks in Australia and neighboring countries.
This marks Australia’s first direct technical attribution of cyberattacks to a state-sponsored Chinese actor, escalating international opposition.
APT40 is said to conduct reconnaissance on regional networks and attempts to exploit devices to access sensitive networks.
China’s embassy in Canberra responded, opposing what it called "groundless accusations," asserting China as a victim of cyberattacks and highlighting cyberspace safety as a global issue.
S&P 500 & Nasdaq Closed at Record Highs
The S&P 500 and Nasdaq closed at record highs as investors awaited key inflation data to gauge the sustainability of the market rally.
The S&P 500 rose 0.1% to 5,572.85, while the Nasdaq Composite gained 0.28% to 18,403.74.
The Dow Jones Industrial Average ended 31 points lower at 39,344.79.
Investor optimism is fueled by hopes that easing inflation and any economic slowdowns might prompt the Federal Reserve to lower interest rates.
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