TOKYO (AP) — Asian shares were trading mixed Wednesday, as expectations resurfaced that U.S. interest rates may stay high for a while.
Japan’s benchmark Nikkei 225 dipped 0.5% in afternoon trading to 38,296.69. Australia’s S&P/ASX 200 edged up less than 0.1% to 7,618.50. South Korea’s Kospi was little changed, inching down to 2,608.93. Hong Kong’s Hang Seng slipped 0.2% to 16,219.84, while the Shanghai Composite gained 1.1% to 3,040.72.
The mixed reaction came after Federal Reserve Chairman Jerome Powell said at an event Tuesday that the central bank has been waiting to cut its main interest rate, which is at its highest level since 2001, because it first needs more confidence inflation is heading sustainably down to its 2% target.
“Appetite for risk-taking remains weak, with Federal Reserve Chair Jerome Powell validating a later timeline for rate cuts, alongside a raft of Fed speakers calling for more patience in easing,” said Yeap Jun Rong, market analyst at IG.
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
Mystik Dan looks like the horse to beat in the Preakness on what could be a muddy track
Germany defender Benjamin Henrichs signs contract extension at Leipzig through 2028
Jonathan Milan sprints to his 3rd stage win in the Giro d'Italia
Amtrak train hits pickup truck in upstate New York, 3 dead including child
EU bans 4 more Russian media outlets from broadcasting in the bloc, citing disinformation
Senegal's new prime minister criticizes French military presence in the West African country
Peterka has goal, 3 assists in Germany's 8
Mystery artist who erected signs comparing pothole
Loperfido hits first MLB homer, Javier solid as Astros beat A's 8
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
Families of Mexican farmworker bus crash victims mourn the loss of their loved ones