Posted 3/13/2024, 6:24:22 AM
Asian Markets Mixed as Wall Street Rallies on Tech; Traders Hopeful Fed Will Cut Rates Despite Inflation
- Asian shares mostly rose Wednesday after Wall Street's record rally led by tech stocks
- Japan's Nikkei slipped while Hong Kong's Hang Seng edged up after release of higher-than-expected US inflation data
- Speculation that Japan's central bank is getting ready to end super-easy monetary policy and start raising rates
- On Wall Street, S&P 500, Dow, and Nasdaq all closed higher Tuesday led by a rally in tech stocks
- Initial reaction to inflation data was mixed, but traders still hopeful Fed will cut rates in 2nd half of year as long-term trend heads down