Asia-Pacific markets were mostly lower on Tuesday after losses on Wall Street, with investors holding back ahead of the US Federal Reserve’s decision on December 10th.
The central bank is widely expected to cut rates by another 25 basis points at its final meeting of the year, bringing the federal funds rate to between 3.5% and 3.75%. But experts expect the Fed to become more data-driven after that.
“I wouldn’t be surprised if Jerome Powell says something like, ‘The cuts are done, now we really need to look at the data,'” said Stephen Colano, chief investment officer at Integrated Partners.
of Nikkei Stock Average The overall TOPIX was flat, although it rose 0.16% during volatile trading. Hi-tech gains limited losses for the Nikkei average. disco corporation and konica minolta They rose by 5.42% and 4.91%, respectively.
Korean Kospi The index fell 0.31%, while the small-cap Kosdaq rose 0.2%.
australian S&P/ASX 200 The index fell 0.32% after the country’s central bank kept its policy interest rate unchanged at 3.6% as expected.
“While recent statistics suggest that inflation risks are tilted to the upside, it will take more time to assess the persistence of inflation pressures,” the Reserve Bank of Australia said in a statement after the rate decision.
Hong Kong Hang Seng Index fell 0.84%, while mainland China’s CSI300 index fell 0.14%.
U.S. stock futures rose slightly on Monday night following President Donald Trump’s approval. Nvidia The sale of H200 chips to China is an agreement that gives the US government a significant discount.
In after-hours trading, Nvidia rose 2.2% following a post on Truth Social on Monday evening that said the semiconductor manufacturing giant could ship H200 chips to “approved customers” such as China on the condition that it pays a quarter of the proceeds to the U.S. government.
One night in America S&P500 Although it pulled back 0.35%, Nasdaq Composite It fell by 0.14%. of Dow Jones Industrial Average The difference was 215.67 points (0.45%).
—CNBC’s Sean Conlon and Alex Harring contributed to this report.
