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Asian Shares Mixed As Fed Decision Looms

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian stocks ended mixed on Wednesday as investors braced for a hawkish Fed outcome. Concluding a two-day policy meeting later today, the Federal Reserve is expected to announce the early termination of QE asset purchases and signal its first rate hike in March to fight inflation.

Markets in Australia and India were closed for holidays. China's Shanghai Composite index fluctuated before ending 0.7 percent higher at 3,455.67, averting a technical bear market. Hong Kong's Hang Seng index finished 0.2 percent higher at 24,289.90 as technology stocks advanced.

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