Japan™s Nikkei fell on Wednesday after the U.S. Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates, but chip-related stocks gained.
The Nikkei share average dropped 0.5% to 21,086.00 points by midmorning.
Investors are also awaiting the outcome of the G20 summit this week, where Trump will talk with Chinese President Xi Jinping on trade.
Chip equipment makers bucked the weakness and gained after Micron Technology Inc said on Tuesday it had resumed some microchip shipments to Huawei Technologies Co Ltd and still expects demand for its chips to recover later this year.
Tokyo Electron surged 2.1% and Advantest Corp jumped 3.9%.
Source: reuters
Hong Kong stocks closed higher on Wednesday amid speculation that Washington may hold back from slapping new tariffs on Chinese exports that are scheduled to kick in this weekend. At the close of trade, the Hang Seng index was up 0.8% at 26,645.43, hovering around the session™s high. Earlier in t...
U.S. stocks came off session lows to clinch modest gains on Wednesday after the Federal Reserve indicated it would keep interest rates at current levels through the whole of next year, concluding its two-day meeting. The S&P 500 closed up 0.3% to end at around 3,141.63. The Dow Jones Industrial...
European stocks traded cautiously Wednesday as investors await the U.S. Federal Reserve™s interest rate decision and monitor developments ahead of the weekend™s U.S.-China trade tariff deadline. The pan-European Stoxx 600 moved slightly higher in afternoon trade to close provisionally 0.22% hig...
Stocks rose slightly on Wednesday as investors waited to hear the Federal Reserve™s latest decision on monetary policy. The Dow Jones Industrial Average traded just 3 points higher as more than 1% gains in Dow Inc and Johnson & Johnson were offset by a 2% drop in Boeing shares. The S&P 50...
U.S. stocks opened mixed on Wednesday ahead of an eagerly awaited policy update by the Federal Reserve which could deliver clues on the interest rate outlook. The S&P 500 was up 0.2% to 3,137. The Dow Jones Industrial Average shed 27 points, or 0.1%, to 27,854. The Nasdaq Composite rose 0.2% to...