Fed interest rates, Wall Street, currencies, yields

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, November 30, 2020.

Toru Hanai | Bloomberg via Getty Images

Stocks in the Asia-Pacific region traded lower on Wednesday, following Wall Street’s negative advance ahead of the Federal Reserve’s planned rate hike.

Oil prices recovered in the afternoon in Asia after Russian President Vladimir Putin announced a partial military mobilization.

The Nikkei 225 in Japan fell 1.36% to 27,313.13, while the Topix index also fell 1.36% to 1,920.80. In Australia, the S&P/ASX 200 slipped 1.56% to 6,700.20.

Hong Kong’s Hang Seng Index fell 1.6% in the last hour of trading and the Hang Seng Tech Index fell 2.7%. In mainland China, the Shanghai Composite fell 0.17% to 3,117.18 and the Shenzhen Component fell 0.668% to 11,208.51.

The South Korean Kospi fell 0.87% to 2,347.21. MCSI’s broadest index of Asia-Pacific stocks outside Japan lost 1.4%.

“A sourer tone has set in over the past 24 hours, with stocks falling and safe-haven currencies, including the dollar, stronger,” National Australia Bank economist Taylor Nugent wrote in a note. of Wednesday.

The Dow Jones Industrial Average fell 313.45 points, or 1.01%, to 30,706.23. The S&P 500 slipped 1.13% to 3,855.93 and the Nasdaq Composite fell 0.95% to 11,425.05. The dollar index strengthened above the 110 level.

– CNBC’s Samantha Subin and Jesse Pound contributed to this report.

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