GLOBAL MARKETS-Asia-Pacific trade mixed as investors await Fed's rate decision
Istanbul, September 18 (Hibya) - Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street, which saw the S&P 500 and the Dow Jones Industrial Average reach new highs.
Investors await the Federal Reserve’s rate decision due Wednesday stateside and assessed economic data from Japan. The Indonesian central bank’s rate decision is also due later in the day.
Australia’s S&P/ASX 200 dipped slightly, snapping a four-day winning streak that sent the index to a record high on Tuesday.
Japan’s Nikkei 225 rose 0.74 percent, while the broad-based Topix was 0.48 percent higher. Mainland China’s CSI 300 was nearly flat after closing at its lowest level on Friday, January 2019. The Taiwan Weighted Index fell 0.35 percent.
South Korea and Hong Kong markets are closed today, while markets in mainland China will resume trade after a nationwide three-day holiday.
Overnight in the U.S., the S&P 500 notched an intraday record before closing below session highs but still slightly higher on the day at 5,634.58. The Dow Jones Industrial Average fell 0.04 percent to close at 41,606.18 after touching a fresh record during the session.
The Nasdaq Composite added 0.2 percent to 17,628.06. Wall Street assessed the latest retail sales, which rose by 0.1 percent in August from the previous month, compared to the Reuters poll forecast of a 0.2 percent decline.