TOKYO - Asian stocks lacked direction on Wednesday, while the dollar remained firm despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic data on the path for Federal Reserve interest rates.
MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.19%, weighed down partly by declines from mainland Chinese blue chips. However, Hong Kong's Hang Seng rose 0.52%.Japan's Nikkei slumped about 1% as traders took profits following the previous session's 1.6% surge. The tech-heavy index also succumbed to pressure from a sell-off in U.S. chip stocks on Tuesday.The yen slipped 0.16% to 154.
And while prices have been sticky, the labour market showed some signs of weakening in the monthly payrolls data from Friday. Consumer price data in a week from now will be closely watched.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian markets wobble after Fed sticks with current interest ratesHONG KONG (AP) — Asian markets wobbled in Thursday trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meetingTOKYO (AP) — Asian shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week. Japan's benchmark ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks open lower ahead of Fed's rate decision on WednesdayUS stock market indexes (^DJI, ^IXIC, ^GSPC) open Tuesday's session lower as equities are listening closely to the Federal Reserve's interest rate decision...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Stocks Slump as Mideast Woes, Hawkish Fed Sour SentimentAsian stocks plunged as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Asian Stocks Set to Drop on Hawkish Fed Comments: Markets WrapAsian stocks are set to fall in early trading after US shares and Treasuries extended this month’s selloff after solid economic readings and hawkish Fedspeak reinforced speculation that interest rates will remain higher for longer.
Source: BNNBloomberg - 🏆 83. / 50 Read more »