Reflecting the mixed cues from Wall Street on Friday, Asian stock markets are mixed in slim holiday trading on Monday, as traders react to the US narrowly avoiding a government shutdown amid a last minute temporary agreement reached by the legislators.
Influenced by the broadly negative cues from global markets overnight, Asian stock markets are trading mostly lower on Wednesday, with traders remaining cautious after the US Fed recently forecast another rate hike before the end of the year and keeping rates at elevated levels for longer than previously anticipated.
Asian stock markets is trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as worries about inflation, higher interest rates and economic slowdown weighed on the market after the US Fed forecast another rate hike before the end of the year and indicated they may leave rates higher for longer than previously anticipated through 2024.
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as traders remained cautious ahead of the release of the US Fed's monetary policy announcement later in the day.
Asian stock markets are trading mostly lower on Tuesday, despite the slightly positive cues from Wall Street overnight, as traders seemed reluctant to make significant moves ahead of the US Fed's monetary policy announcement on Wednesday.