Reported 10 months ago
Asian stocks dipped as investors awaited the release of the Federal Reserve’s preferred inflation gauge, assessing its implications for monetary policy. The regional index fell by 0.2%, with declines in Australia and South Korea, while Japan saw a rise due to a yen recovery. The market's cautious trading reflects apprehension over potential US interest rate cuts amid stronger economic data. Meanwhile, a Republican-led House rejected a temporary funding plan, raising concerns about a government shutdown. Focus shifts to upcoming inflation data from the US and other Asian countries.
Source: YAHOO