In this Dec. 13, 2019, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Dec. 24.
Tokyo’s Nikkei 225 lost 0.1% to 23,806.72 while the Shanghai Composite Index was off 2 points at 2,982.80.Wall Street ended nearly flat Tuesday in a shortened trading session before closing for Christmas Day. U.S. markets reopen Thursday. The benchmark S&P 500 index slipped less than 0.1% to 3,223.38. The Dow Jones Industrial Average dropped 0.1%, to 28,515.45. The Nasdaq composite gained 0.1% to 8,952.88.
Investors have been encouraged by plans for an interim U.S.-Chinese trade deal despite having seen few details. U.S. recession fears have faded after the Federal Reserve cut interest rates three times. The central bank appears set to keep them low for a long time.In currency markets, the dollar edged up to 109.39 yen from Tuesday’s 109.38 yen. The euro declined to $1.1087 from $1.1089.
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China clamps down on risks in rental housing marketChina will curb financial risks in the rental housing market by tightening lending to rental housing companies and capping the ratio of their rental income from loans taken by tenants at 30%, the housing ministry said on Wednesday.
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