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Asia-Pacific stocks mixed tracking late sell-off on Wall Street

by Index Investing News
December 21, 2023
in Markets
Reading Time: 1 min read
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Nikada

Japan (NKY:IND) -1.59%.

China (SHCOMP) +0.55%. Geopolitical concerns also dampened sentiment amid reports that Chinese President Xi Jinping told US President Joe Biden during their recent summit in San Francisco that Beijing will reunify Taiwan with the mainland.

Hong Kong (HSI) +0.04%.

India (SENSEX) +0.14%.

Australia (AS51) -0.45%.

In the U.S. on Wednesday, all three major indexes ended in red, as market broke a nine-day winning streak as investors digested mixed remarks from Fed officials following the Federal Reserve’s indication of potential interest rate cuts next year.

U.S. stock futures edged higher on Thursday after the major averages fell sharply during the last session, as investors took profits following a seven-week rally: Dow +0.34%; S&P 500 +0.35%; Nasdaq +0.53%.

Traders now await US PCE inflation for November and Q3 US GDP later today.

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

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