Stock market today: Asian shares trade mixed after Wall Street dips amid dimming rate cut hopes
ABC News
Asian shares are trading mixed as pessimism spreads among investors about any imminent interest rate cut in the U.S. Japan’s benchmark Nikkei finished little changed Thursday, inching down less than 0.1%
TOKYO -- Asian shares traded mixed Thursday as pessimism spread among investors about any imminent interest rate cut in the United States.
Japan's benchmark Nikkei was little changed, inching down less than 0.1% to finish at 35,466.17. Australia's S&P/ASX 200 slipped 0.6% to 7,346.50. South Korea's Kospi gained 0.3% to 2,442.99. Hong Kong's Hang Seng reversed earlier losses and added 0.6% to 15,369.59, while the Shanghai Composite dropped 1.0% to 2,805.55.
Wall Street slipped following another signal that it may have gotten too optimistic about when the Federal Reserve will deliver the cuts to interest rates.
The S&P 500 fell 26.77 points, or 0.6%, to 4,739.21. It’s the second-straight stumble for the index after it closed out its 10th winning week in the last 11 near its all-time high.
The Dow Jones Industrial Average dipped 94.45, or 0.3%, to 37,266.67, and the Nasdaq composite slumped 88.73, or 0.6%, to 14,855.62.
