Asian Markets Mixed as Wall Street Slips on Fading Hopes for Fed Rate Cut
• Asian shares traded mixed after Wall Street dipped on dimming hopes for an imminent US rate cut • Japan's Nikkei was little changed while Australia's market slipped; Hong Kong reversed losses • Wall Street fell after a strong retail sales report signaled the Fed may wait longer to cut rates • Higher Treasury yields hurt stocks, especially high-growth tech names like Tesla and Amazon • Weaker-than-expected earnings from companies like US Bancorp and Big 5 Sporting Goods also weighed