Asian Markets Steady Ahead of Fed Rate Cut Decision
Asian stocks remained largely unchanged on Wednesday as investors awaited the Federal Reserve’s upcoming rate decision. With trading muted due to holidays in Hong Kong and South Korea, Chinese markets showed little movement upon reopening after a break.
China’s Sentiment Remains Weak
China’s Shanghai Composite and CSI 300 indexes traded near seven-month lows, weighed down by disappointing economic data. Investors are hopeful that further stimulus from Beijing could offset the persistent economic slowdown.
Japan Outperforms, BOJ Meeting in Focus
Japan’s Nikkei 225 rose 0.7%, recovering losses from the previous session. Investors are now looking to the Bank of Japan’s meeting later this week, with expectations that the central bank will maintain rates but signal future hikes.
Broader Markets Cautious
Australia’s ASX 200 remained flat, while India’s Nifty 50 pointed to a positive open. Traders are focused on the Fed’s rate cut decision, with growing expectations of a 50 basis point cut, which could signal the start of an easing cycle.
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