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Most Asia Markets Track Wall St Losses as Jitters Set in Ahead of Fed
Markets follow Wall Street losses as investors anticipate a 25 basis-point Federal Reserve rate cut and monitor Nvidia’s AI chip export deal with China.
- On Tuesday, Asia-Pacific markets were set to open lower, tracking Wall Street losses as most stocks fell ahead of the U.S. Federal Reserve's Dec. 10 decision.
- The Federal Reserve is widely expected to cut rates by 25 basis points, and Stephen Kolano said `I would not be surprised for Jerome Powell to be like, 'We've cut, and now we're in a place where we really need to watch the data,'` as experts anticipate a more data-dependent stance.
- Overnight in the U.S., major indexes pulled back as the S&P 500 fell 0.35%, the Nasdaq Composite slid 0.14%, MSCI Inc.'s regional gauge dropped 0.3%, and Australia's S&P/ASX 200 declined 0.34%.
- President Donald Trump approved shipments of Nvidia Corp.'s H200 chip to China with a 25% cut to the U.S. government, boosting Nvidia 2.2% after hours while Renesas rose and Samsung fell.
- Markets now price fewer cuts next year, seeing two by the summer, and analysts warned a differing dot plot could spark volatility as investors scrutinize FOMC projections and Jerome Powell.
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49 Articles
Channel News Asia+46 Reposted by 46 other sources
Most Asia markets track Wall St losses as jitters set in ahead of Fed
HONG KONG: Most stocks fell in Asia on Tuesday (Dec 9) as investors grow nervous about the Federal Reserve's plans for interest rates next year following an expected cut this week.With traders fu
·Singapore
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Coverage Details
Total News Sources49
Leaning Left5Leaning Right5Center11Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 24%
C 52%
R 24%
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