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Asian Markets Mostly Lower
CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Wednesday following mixed lead overnight from Wall Street as investors stayed cautious as they looked ahead to the Federal Reserve s monetary policy announcement. They are also looking for central bank s forecasts for the economy, inflation and interest rates. Asian markets closed mostly higher on Tuesday.
The Australian stock market is declining on Wednesday, with the benchmark S&P/ASX 200 below the 6,800 level, after three straight sessions of gains, following inconclusive cues overnight from Wall Street as investors stayed cautious while they look ahead to the Federal Reserve s policy announcement. Gains in the technology stocks were more than offset by weakness in materials and energy stocks amid weak commodity prices.
Japanese Market Extending Gains Into Seventh Day
TOKYO (dpa-AFX) - The Japanese stock market is rising after early losses on Wednesday, with the benchmark Nikkei index moved above the 29,900 level, following inconclusive cues overnight from Wall Street as investors stayed cautious while they await Federal Reserve s policy announcement.
The benchmark Nikkei 225 Index is gaining 38.05 points or 0.13 percent to 29,959.14, after touching a low of 29,825.16 in early trades. Japanese stocks closed higher on Tuesday.
Market heavyweight SoftBank Group is declining more than 1 percent, while Uniqlo operator Fast Retailing is up almost 1 percent. Among automakers, Honda is losing more than 1 percent and Toyota is down almost 1 percent.
CANBERA (dpa-AFX) - Asian stocks ended mostly higher on Friday, reflecting investor optimism over the passing of the US$1.9 trillion U.S. stimulus package and the European Central Bank's (ECB)
Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Wednesday following the broadly positive lead overnight from Wall Street. The positive trend in global stock markets following a pullback by long-term treasury yields ahead of auctions in the coming days and greater momentum in vaccination drive aided sentiment. Technology stocks are tracking overnight gains on Wall Street. Asian markets saw a mixed close on Tuesday.
The Australian stock market pared early gains and is edging down on Wednesday, with the benchmark S&P/ASX 200 below the 6,800 level, after two straight days of gains, despite positive cues overnight from Wall Street.