Asian Markets Mixed; Nikkei and Kospi Rise, China Steady, and India Falls (EWJ:NYSEARCA)
Investors watched oil near $95 a barrel as they awaited U.S. inflation data and central bank decisions next week.
- Asian shares traded mixed on Wednesday as rising oil prices and uncertainty over interest rates kept investors cautious, with the Hang Seng, Nikkei, and Shanghai Composite Index fluctuating amid inflation concerns and Middle East tensions.
- Increased fighting in the Middle East is constricting global oil supplies, pushing Brent crude up 1.4 per cent to $99.30. This surge worsens inflation worries, as prices remain well above the Federal Reserve's 2% target.
- Investors await Friday's inflation report, which economists expect to show a 3.3% rate for August. Japan's Nikkei lost 0.2% while South Korea's Kospi gained 1.4% on Wednesday, reflecting mixed regional sentiment.
- The Federal Reserve meets next week to decide on interest rates, with market watchers anticipating potential hikes this year. Japan's central bank also convenes next week to determine its benchmark rate amid prevailing uncertainty.
- Treasury Secretary Scott Bessent warned yen bears that traders could "bet against" him following the joint US-Japan intervention on 31 July. His remarks signal a firm stance on Japanese policies favoring a weak yen.
14 Articles
14 Articles
Global Market Today: Asian stocks to fall as oil stokes inflation fears
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Asian shares are mixed as Brent crude approaches $100 a barrel - Regional Media News
TOKYO (AP) - Asian shares were mixed in cautious trading Wednesday as investors watched for what might happen on interest rates and the war with Iran pushed oil prices higher. Japan's benchmark Nikkei 225 lost 0.2% to 65,142.78, while South Korea's Kospi gained 1.4% to [...]
Asian markets mixed as Iran war pushes oil prices higher
Tokyo: Asian shares were mixed in cautious trading early Wednesday, September 9, as investors watched for what might happen on interest rates and the war with Iran pushed oil prices higher. Japan’s benchmark Nikkei 225 was nearly unchanged at 65,249.95, and South Korea’s Kospi gained 1.2 per cent to 7,041.10. In Hong Kong, the Hang Seng dipped 0.1 per cent to 25,287.99. The Shanghai Composite gained 0.2 per cent to 3,949.89. Australia’s S&P/ASX …
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