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On Wednesday, investors awaited key U.S. inflation data that will determine the Federal Reserve’s next step in its tightening cycle, causing markets in the Asia-Pacific region to mostly move higher.

Financial specialists surveyed by Dow Jones expect a 6% year-over-year expansion in the U.S. buyer cost file. The Federal Reserve currently anticipates raising rates by 25 basis points next month.

As traders continued to process Japan’s producer price index and machinery orders report, the Nikkei 225 rose 0.57 percent to 28,082.7 and the Topix rose 0.76 percent to 2,006.92 in Japan. Banks and transportation equipment experienced moderate gains, while marine transportation, wholesale, and mining led gains. South Korea’s Kospi

acquired 0.11% to close at 2,550.64.

The S&P/ASX 200 index in Australia gained 0.47 percent to 7,343.9, while the Hang Seng index in Hong Kong lost 1.05 percent in the final hour of trading. The Shanghai Composite gained 0.41 percent to 3,327.18, while the Shenzhen Component lost 0.05 percent to 11,883.51 on the mainland of China.

United States

Stocks fell Wednesday as downturn concerns burdened Money Road, even as brokers evaluated the arrival of cooler-than-anticipated expansion information.

The Dow Jones Industrial Average lost 38.29 points, or 0.11 percent, to 33,646.50, ending a four-day winning streak. The index was up by more than 200 points earlier in the day.

The S&P 500

declined 0.41% to 4,091.95. In the meantime, the Nasdaq Composite fell to 11,929.34 by 0.85%.

Those actions come after the minutes of the Federal Reserve’s policy meeting in March revealed that officials were concerned that the U.S. banking crisis would cause the economy to slide into a mild recession later this year.


Oil prices increased by 2% on Wednesday as a small increase in U.S. crude oil stocks and sluggish U.S. inflation data cushioned expectations that the Federal Reserve is getting closer to ending its cycle of interest rate hikes.

U.S. West Texas Intermediate was up $1.73, or 2.1%, at $83.26, while Brent crude was up $1.72, or 2.01%, at $87.33 a barrel. Costs rose around 2% on Tuesday.

Spot gold was up 0.6% at $2,014.39 per ounce by 2:10 p.m. EDT (18:10 GMT), after rising as much as 1.3% earlier. Signs of cooling inflation bolstered bets that the U.S. Federal Reserve may pause its policy tightening after a likely interest rate hike in May. At $2,024.90, U.S. gold futures closed 0.3% higher.

The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.

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