Posted 11/20/2023, 2:46:43 AM
Asian Markets Cautious Ahead of Holiday Week as Investors Await Fed Meeting Minutes
- Asian stocks mixed Monday following small gains on Wall Street as investors grow optimistic Fed nearing end of rate hikes
- Focus on release of Fed November meeting minutes later this week for hints on policy outlook
- Wall Street indexes ended slightly higher Friday; light trading expected this week ahead of Thanksgiving
- Tokyo fluctuated, briefly hitting 33-year high before retreating; Hong Kong rose after Alibaba plunge
- Dollar struggled to recover from last week's losses on expectations of lower rates; oil prices edged up ahead of OPEC meeting