YANG - Asia-Pacific stocks mostly lower tracking weak lead on Wall Street after Fed minutes

2023-11-22 02:36:37 ET

Japan ( NKY:IND ) +0.29% .

China ( SHCOMP ) -0.79%. China’s 10-year government bond yield held below 2.7%, remaining in a sideways trading range since the beginning of November amid a lack of market-moving cues, while investors look ahead to Chinese industrial profits and manufacturing activity data next week.

Hong Kong ( HSI ) -0.29%.

India ( SENSEX ) -0.38%.

Australia ( AS51 ) -0.07%. The Westpac-Melbourne Institute Leading Economic Index in Australia fell 0.03% month-on-month in October 2023, reversing from a 0.7% rise in September.

In the U.S. on Tuesday, all three major indexes ended in red , amid mixed quarterly results from major retailers and the release of latest FOMC minutes.

US Federal Reserve signaled in its latest minutes that monetary policy will remain restrictive and gave no indication that it could start cutting interest rates soon. Fed officials agreed that they would proceed “carefully” and only raise rates if progress in controlling inflation faltered.

The foreign exchange market is quiet ahead of the US Thanksgiving holiday.

U.S. stock futures edged lower on Wednesday as investors digested the latest earnings report from Nvidia ( NVDA ), which fell more than 1% in extended trading after beating expectations but warning against export restrictions on China: Dow +0.08% ; S&P 500 -0.05%; Nasdaq -0.15% .

Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).

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