Stock Market Today: Investors eagerly awaited the minutes from the Federal Reserve’s most recent meeting to determine the future course of interest rates, which caused Asian equities to trade in a mixed bag on Wednesday. The dollar was also weaker than usual after a sharp increase overnight.
A third straight day of gains for the year were expected as the largest MSCI index of Asia-Pacific shares outside of Japan increased by 0.91%. In 2022, the index decreased 20%. Early trading saw the Nikkei of Japan fall 1.12% while the S&P/ASX 200 of Australia gained 1.28%.
Tokyo stocks open lower after US losses
Following a downturn on Wall Street, Tokyo stocks opened lower on the first trading day of the year on Wednesday as investors focused on the strengthening yen. Early trading saw a 1.60 percent, or 417.82 points, decline in the benchmark Nikkei 225 index while a 1.45 percent, or 27.37 points, decline was seen in the larger Topix index, which fell to 1864.34.
Oil steady after last session’s slump as Fed minutes awaited
As markets awaited the release of the U.S. Federal Reserve’s December policy meeting minutes, oil prices held steady on Wednesday after plummeting the previous session.
Stock Market Today: SGX Nifty signals a negative start
Indicating that Dalal Street would have a bad start on Wednesday, Nifty futures on the Singapore Exchange traded 53.5 points, or 0.29 percent, lower at 18252.50.
Stock Market Today: Rupee tumbles 22 paise
The rupee lost some of its early gains and fell 22 paise to settle at an all-time low of 83 against the US dollar on Tuesday, under pressure from a strong foreign dollar and persistent outflows of foreign funds.
Wall Street starts the year with a dip
Tesla and Apple were the biggest drags on Wall Street’s main indexes as they closed lower on the first trading day of 2023. Investors were also concerned about the Federal Reserve’s path to raising interest rates as they awaited the minutes from its December meeting.
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