Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders continued to remain largely cautious, awaiting US Fed Chair Jerome Powell's speech at the Jackson Hole Symposium due later this week for more clues about the economy and interest-rate outlook. The symposium will feature meetings by global central bank leaders. Asian markets closed mostly higher on Tuesday.
The was also a sell-off by banking stocks after S&P Global Ratings downgraded several Us regional banks by one notch, citing "tough operating conditions."
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com