A currency trader works near the screens showing the Korea Composite Stock Price Index , right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Nov. 7, 2023. Shares mostly fell in Asia on Tuesday after a mixed close on Wall Street, where wild recent moves calmed a bit at the beginning of a quiet week for data releases.
Tokyo's Nikkei 225 declined 1.3% to 32,271.82 and the Hang Seng in Hong Kong dropped 1.4% to 17,710.68. The Shanghai Composite index slipped 0.1% to 3,055.74. In Seoul, the Kospi dropped 3% to 2,427.82. It gained 5.7% on Monday after the government, seeking to shore up public support ahead of legislative elections in April, restored until the end of June a ban on short-selling to protect small investors from what regulators said was “massive illegal naked short-selling by global investment banks” and other illegal activities.On Monday, U.S. stocks drifted and the S&P 500 added 0.2% to 4,365.98. The Dow Jones Industrial Average edged 0.
The events with perhaps the most potential to shake markets this upcoming week are speeches by officials from the Federal Reserve.steady for a second straight time, leaving it at its highest level since 2001. It’s jacked up its federal funds rate from nearly zero in hopes of getting high inflation under control.
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