Asian stocks: China rises, others mixed as Powell dampens rate cut hopes

Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday amid waning expectations for U.S. interest rate cuts, while Chinese markets advanced amid some signs of economic recovery.Still, U.S. stock index futures rose marginally in Asian trade as a rout on Wall Street now appeared overdone.The two indexes maintained some momentum after rebounding from five-year lows over the past two months.

This notion weighed on most stock markets, and kept Asian bourses moving in a flat-to-low range. Sentiment towards Asia was also dampened by data showing a sharp drop in Singapore’sRisk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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