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Tuesday, May 14, 2024

Asian stocks mixed ahead of possible Fed guidance

Asian stock markets are mixed as investors await more guidance on the U.S. Federal Reserve’s easing plans

The moves in Asia follow a pullback on Wall Street after the deadly attacks on Afghan civilians and U.S. troops at the Kabul airport on Thursday.

Tokyo’s Nikkei 225 lost 0.4% to 27,641.14 while the Kospi in South Korea added 0.2% to 3,133.88. Hong Kong’s Hang Seng slipped 0.1% to 25,382.65 in afternoon trading.

The Shanghai Composite advanced 0.4% to 3,514.16. Sydney’s S&P/ASX 200 fell under 0.1% to 7,488.30. Benchmarks in India, Malaysia, Thailand rose while Indonesia and Singapore slipped.

Fed Chair Jerome Powell is scheduled to…

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