Asian stocks tread water, Nikkei rebounds as yen hits 1990 lows

Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday, as middling cues from Wall Street and anticipation of more signals on the Federal Reserve kept traders to the sidelines.

Broader Asian markets largely tracked overnight weakness in Wall Street, as profit-taking in tech and anticipation of key inflation data and Fed speakers weighed on sentiment. But U.S. stock index futures rose slightly in Asian trade.index both advanced 0.9% on Wednesday, boosted by a mix of export stocks, and as retail investors also bought into shares set to trade ex-dividend.

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Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%Asian shares are mostly lower after Wall Street's huge rally faltered last week. Japan's Nikkei 225 index shed 2.5% early Monday. On Friday, the S&P 500 slipped 0.7% from its all-time high. It initially climbed after mixed data on the U.S. job market bolstered hopes for easier interest rates.
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