Asian Stock Market: Displays mixed response as Fed favors more hikes, oil rally halts around $78.50

The USD Index has turned sideways after dropping to near 103.00 as investors surrendered the risk-aversion theme.Markets in the Asian domain are demonstrating mixed responses as S&P500 witnessed a sell-off on Wednesday, eased the majority of gains earned in Tuesday’s session. Sell-off in the US equities was tickled by weakness in the technology. Alphabet Inc.

At the press time, Japan’s Nikkei225 eased 0.33%, ChinaA50 jumped almost 1%, Hang Seng gained 0.40%, and Nifty50 eased 0.40%. data, which will release on Friday. The annual CPI is seen higher at 2.1% while producers are expected to display deflation in the prices of goods and services settled at factory gates.

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