Asia-Pacific Markets React to Wall Street Slide Ahead of Powell's Remarks

Wednesday, 6 March 2024, 07:41

The Asia-Pacific stock markets showed a mixed trend as they responded to a technology-led selloff on Wall Street, with investors cautious ahead of remarks by Powell. Japan's NIKKEI barely moved, China's SHANGHAI composite dipped, while Hong Kong's rally and India's decline mirrored the uncertainty. The reaction comes amidst varied market performances and anticipation of the Federal Reserve's stance on the economy.
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Asia-Pacific Markets React to Wall Street Slide Ahead of Powell's Remarks

Asia-Pacific Stocks Update

The recent trend in Asia-Pacific stock markets has been mixed, with Japan's NIKKEI showing minimal movement and China's SHANGHAI composite slipping.

Market Performance:

  • Hong Kong's HSI surged by +1.77%, reflecting a bullish sentiment.
  • India's SENSEX declined by -0.24%, indicating some market uncertainty.

Australia's ASX 200 saw a minor increase of +0.12%, deflecting initial projections of higher growth in the fourth quarter. The fluctuations signify a diverse landscape in the Asia-Pacific region, influenced by global market trends.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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