Asian stock markets were mixed Wednesday after a cooler reading on U.S. inflation fueled hopes the Federal Reserve will postpone a possible interest rate hike.
The Nikkei 225 in Tokyo advanced 0.9%. The Hang Seng HK:HSI in Hong Kong was flat and the Shanghai Composite Index CN:SHCOMP rose 0.1%.The Nikkei 225 in Tokyo advanced 0.9%. The Hang Seng HSI in Hong Kong was flat and the Shanghai Composite Index SHCOMP rose 0.1%.Benchmarks indexes in New Zealand NZ50GR , Malaysia FBMKLCI and Indonesia JAKIDX declined, while stocks rose in Singapore STI . Taiwan Y9999 was little changed.
That reinforced hopes the Fed will avoid announcing another rate hike when its monthly meeting ends Wednesday. Two Fed board members said previously the U.S. central bank should put off another hike while it studies the impact of previous increases. On Wall Street, the S&P 500 SPX rose to 4,369.01. The Dow Jones Industrial Average DJIA gained 0.4% to 34,212.12 and the Nasdaq composite COMP rallied 0.8% to 13,573.32.
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