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Asian Shares Mixed Amid Expectations of High U.S. Interest Rates

Published: 17 April 2024 at 06:08

Finance & Economics

Asian shares traded mixed as U.S. interest rates are expected to remain high. Japan's Nikkei 225 dipped, Australia's S&P/ASX 200 edged up slightly, and South Korea's Kospi was stable. Federal Reserve Chairman Jerome Powell mentioned the central bank's cautious approach to cutting interest rates. The S&P 500 and Nasdaq fell, with Treasury yields rising. Traders anticipate one or two rate cuts this year, impacting stock prices. Donald Trump's social media company stock dropped. Energy trading saw U.S. crude and Brent crude prices decline, while currency trading showed minor shifts.

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Asian Shares Mixed Amid Expectations of High U.S. Interest Rates Asian Shares Mixed Amid Expectations of High U.S. Interest Rates

SOURCES

ABC News

Stock market today: Asian benchmarks are mixed while US seems committed to current rates

ABC News

Yahoo! News

Stock market today: Asian benchmarks are mixed while US seems committed to current rates

Yahoo! News