Investing.com-- Most Asian stocks rose on Wednesday as soft U.S. inflation data furthered expectations that the Federal Reserve will pause its rate hike cycle later in the day, with Japan’s Nikkei clearing fresh 33-year highs.
An interest rate cut in China- the country’s first in 10 months- also bolstered hopes that Beijing will keep rolling out supportive measures to spruce up an economic recovery this year. But gains in most Asian markets were relatively limited, as investors still remained wary of any hawkish surprises from the Fed. While U.S.Japanese stocks outperform, dovish BOJ in sight
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Stock market today: Asian shares mixed as investors await Fed policy decision, price dataShares were mixed in Asia on Monday after the S&P 500 logged its fourth winning week in a row, while investors await another decision by the Federal Reserve on interest rates.
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