Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead to the key US inflation report and the latest US Fed interest rate decision later in the day. While the Fed is widely expected to leave interest rates unchanged, traders are likely to pay close attention to the accompanying statement for cues on the outlook for interest rates. Asian markets closed mostly lower on Tuesday.
Australian shares are trading notably lower on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling to near the 7,700 level, following the mixed cues from Wall Street overnight, with weakness in mining and financial stocks. Technology and energy stocks were mixed.
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