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Asian stocks mixed before more rate cues, Japan dips on strong wage data

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Asian stocks mixed before more rate cues, Japan dips on strong wage data

Investing.com-- Most Asian stocks kept to a tight range on Wednesday as caution before more cues on interest rates kept investors to the sidelines, while Japanese markets fell sharply as strong wage data spurred fears of tighter monetary policy.

But the reading pushed up expectations that a cooling economy will give the Reserve Bank of Australia less headroom to raise interest rates further. Losses in Indian stocks were driven chiefly by early vote counting showing that the incumbent BJP party secured a substantially lower number of seats in India’s lower house, with the opposing Indian National Congress gaining ground.

 

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