News Formal

Stock market today: Asian shares weaker ahead of Federal Reserve interest rate decision

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

TOKYO (AP) — Asian shares were mostly lower in cautious trading Tuesday ahead of the Federal Reserve’s upcoming decision on interest rates. Japan's benchmark Nikkei 225 dropped 1.1% to 33,160.03. Australia's S&P/ASX 200 lost 0.5% to 7,196.70. South Korea's Kospi edged down 0.7% to 2,556.42. Hong Kong's Hang Seng slipped 0.2% to 17,893.99, while the Shanghai Composite fell 0.1% to 3,122.21. The Fed is due to wrap up a two-day meeting on Wednesday. Japan's central bank will meet Thursday-Friday as

Japan's benchmark Nikkei 225 dropped 1.1% to 33,160.03. Australia's S&P/ASX 200 lost 0.5% to 7,196.70. South Korea's Kospi edged down 0.7% to 2,556.42. Hong Kong's Hang Seng slipped 0.2% to 17,893.99, while the Shanghai Composite fell 0.1% to 3,122.21.

Monday on Wall Street, the S&P 500 edged up 0.1% to 4,453.53 and the Dow Jones Industrial Average rose less than 0.1% to 34,624,30. The Nasdaq composite added less than 0.1% to 13,710.24. Traders are betting on a roughly 40% chance the Fed will raise rates again in either November or December, according to data from CME Group.

Another warning signal comes from the leading economic indicators index, which looks at new orders for manufacturers, consumer expectations for business conditions and other factors that could show where the economy is heading. Clorox dropped 2.4% after it said a cybersecurity attack caused widespread disruptions to its business. It’s still measuring the damage, but it said it expects it to be material on upcoming results. Clorox also said it believes the unauthorized activity has been contained.carried into another day. Ford fell 2.1%, and General Motors slipped 1.8%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: World shares lower, Tokyo closed, as focus turns to U.S. Federal Reserve meetingShares fell Monday in Europe and Asia, as investors awaited a meeting this week of the U.S. Federal Reserve.
Source: CTVNews - 🏆 1. / 99 Read more »

Asia Stocks Look Set to Fall on Wall Street Losses: Markets WrapAsian equities look set to open lower following tech-led declines on Wall Street Friday as investors look ahead to a week that includes Federal Reserve and Bank of Japan meetings.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market today: Wall Street drifts and oil prices climb ahead of Fed meetingNEW YORK (AP) — Wall Street is drifting in the early going, while oil prices keep climbing and raising pressure on inflation. The S&P 500 was little changed in the first few minutes of trading Monday, coming off its second straight losing week.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts ahead of Fed's next meeting on interest ratesNEW YORK (AP) — U.S. stocks edged higher as Wall Street makes few big moves in advance of the Federal Reserve’s next meeting on interest rates. The S&P 500 closed virtually unchanged Monday.
Source: SooToday - 🏆 8. / 85 Read more »