A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 20, 2023. Asian shares declined Wednesday as markets awaited a decision on interest rates by the Federal Reserve. – Global shares were mixed Wednesday as markets awaited a decision on interest rates by the Federal Reserve.Britain's FTSE 100 gained 0.6% to 7,704.
Traders are split on whether the Fed may raise rates again this year, but they’re largely expecting the Fed to begin cutting rates next year. Such cuts can act like steroids for financial markets, giving a lift to all kinds of investments.In Asian trading, Japan's Nikkei 225 fell 0.7% to finish at 33,023.78. Australia's S&P/ASX 200 slipped 0.5% to 7,163.30. South Korea's Kospi was little changed, inching up less than 0.1% to 2,559.74. Hong Kong's Hang Seng dipped 0.
He said the strong contribution to economic growth from exports in the April-July quarter was expected to weaken in this quarter. On Tuesday, the benchmark S&P 500 slipped 0.2%, while the Dow Jones Industrial Average dropped 0.3%. The Nasdaq composite lost 0.2%.
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