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Asian shares slip after Wall Street pulls back from its record heights

On Monday, Asian markets slipped as Wall Street pulled back and investors awaited the Federal Reserve meeting on Wednesday, with Hong Kong's Hang Seng losing 0.8% and the Shanghai Composite inching 0.1% lower.
With the Fed meeting approaching, investors are focused on where interest rates will go after Wednesday as markets weigh inflation above the Fed's 2% target versus a slowing jobs market.
Tech export approvals and bids moved individual stocks: Nvidia rose 1.7% on Monday after President Donald Trump allowed H200 chip sales to approved China customers, while Netflix dropped 3.4% after Paramount offered $30 per Warner Bros. Discovery share.
Currency moves underscored cautious positioning as the euro rose to $1.1646 from $1.1638, and the U.S. dollar increased to 155.96 yen from 155.92.
Looking beyond immediate moves, observers note the Nvidia H200 chip approval could speed China's AI infrastructure buildout, while Federal Reserve policy guidance after Wednesday may reset expectations for cuts in 2026.

Insights by Ground AI