Asian stocks are mixed following a quiet day on Wall Street

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A currency trader works near a screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won, center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 23, 2024. Chinese markets rose for a second day after the central bank cut its one-year and five-year Loan Prime Rates on Monday. Hong Kong’s Hang Seng added 1.7% to 20,841.73, and the Shanghai Composite gained 0.8% to 3,311.87.

Elsewhere, Australia’s S&P/ASX 200 was almost unchanged at 8,207.20. South Korea’s Kospi was 1.3% higher at 2,594.23.On Tuesday, the S&P 500 edged down less than 0.1% to 5,851.20. The Dow Jones Industrial Average slipped less than 0.1% to 42,924.89. The Nasdaq composite rose 0.2% to 18,573.13. But it also is forcing traders on Wall Street to ratchet back expectations for how much the Federal Reserve will. The central bank has made the drastic shift to lowering interest rates in hopes of keeping the economy strong, but a more resilient-than-expected economy wouldn’t need as much help.

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Stock market today: Wall Street hangs near its records after wild swings in Asian marketsU.S. stocks are hanging near their records following a wild start to the week for financial markets in Asia. The S&P 500 was flat in early Monday trading, coming off its sixth winning week in the last seven. The Dow Jones Industrial Average pulled back 155 points, or 0.4%, from its all-time high set on Friday, while the Nasdaq composite rose 0.2%.
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Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
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Stock market today: Asian shares fall after Wall Street pulls back from its recordsAsian shares outside of China are lower in cautious trading ahead of earnings reports both in the region and overseas, after Wall Street's long, record-breaking rally ran out of steam. Benchmarks fell in Tokyo, Seoul and Sydney, while rising slightly in Hong Kong and Shanghai. The yen weakened against the U.S. dollar and oil prices edged lower.
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Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
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Stock market today: Asian markets are mostly higher after another winning close on Wall StreetAsian shares are mostly higher after U.S. stocks rose to records to close out their latest winning week.
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