TOKYO (AP) – Asian stocks were mixed Wednesday ahead of U.S. Federal Reserve's decision on interest rates.
US futures were bordered higher, but crude oil prices fell.
Japan reported that it was recorded Trade surplus In February, exports rose by more than 11%. Japan's central bank has chosen to change its benchmark rates, as expected. The Fed is also expected to hold stable fees.
After the central bank decided not to change the benchmark interest rate to 0.5%, Japan's benchmark Nikkei 225 rose 0.2% to 37,900.88. The US Federal Reserve is also expected to stabilize fees.
Hong Kong's Hangsen added 0.2% to 24,777.01, but Shanghai's composites have hardly changed, bringing it to 3,427.76, under 0.1%.
Australia's S&P/ASX 200 fell 0.3% to 7,836.80. Korean Cospi scored 2,634.60 from 0.9%.
On Wednesday, much attention was focused on forecasts the Fed will make public after the meeting, giving interest rates, inflation and the economic outlook. For now, Wall Street traders are primarily hoping that the Fed will offer two or three cuts in fees by the end of 2025.
On Tuesday, the S&P 500 dropped 1.1% to 5,614.66 for the latest Swerve. scared I got on and where it fell 10% from the record after that Gathered for Two straights day. The Dow Jones industrial average fell 0.6% to 41,581.31, while the Nasdaq composite fell 1.7% to 17,504.12.
Tesla It was one of the heaviest weights on the market, down 5.3%. Electric vehicle manufacturer stocks struggle due to worry about decline in sales and anger Its CEO, Elon Muskmaking major efforts to reduce spending by the US government. Meanwhile, EV rivals continue to remove their business. China's BYD announced on Monday Ultra-fast charging system He says it's about as fast as filling gasoline.
The alphabet sunk 2.2% after Google owner said it would Purchase cybersecurity company Wiz for $32 billion. It is the company's most expensive purchase in its 26-year history and could boost the in-house cloud computing of the tech giant amid the rapid growth artificial intelligence growth.
The decline in Big Tech continues to be a entrenched trend with recent sales in the market. Stocks, which were thought to have been unstoppable, fell sharply after criticism that simply became expensive.
The main one of them is stocks that have grown higher in frenzy around AI technology. nvidia It reduced by 3.3% as it hosted an event known as “Iwoodstock.” The super microcomputer making a server lost 9.6%. Palantir Technologies, which offers an AI platform for its customers, has sunk 4%.
