Fed rate cut, Bank Indonesia, Japan trade | Wilnesh News

Asia-Pacific markets opened mixed on Wednesday, with gains on Wall Street S&P 500 Index The Dow Jones Industrial Average hit a new high.

Investors are awaiting the U.S. Federal Reserve’s interest rate decision on Wednesday and assessing Japanese economic data. Bank Indonesia’s interest rate decision will also be made later in the day.

Japan’s imports and exports in August increased by 2.3% and 5.6% respectively compared with the same period last year. According to the Ministry of Finance of Japanboth fell short of the 13.4% and 10% growth predicted by Reuters surveys.

Japan’s private machinery orders fell 0.1% quarter-on-quarter in July cabinet officefalling short of the 0.5% growth expected by Reuters.

Bank Indonesia is scheduled to meet on Wednesday to make a key BI interest rate decision. Although inflation has fallen well below the central bank’s target of 1.5%-3.5%, policy rates remain at their highest levels since 2016.

Australia’s S&P/ASX 200 index fell slightly, ending a four-game winning streak that hit a record high on Tuesday.

Japanese Nikkei 225 Index rose 0.74%, while the Topix gained 0.48%.

Mainland China’s CSI 300 index was almost flat after closing at its lowest level since January 2019 on Friday.

Taiwan’s weighted index fell 0.35%.

Markets in South Korea and Hong Kong are closed today, while markets in mainland China will resume trading after a three-day national holiday.

The U.S. S&P 500 index hit a new intraday high overnight, then closed below the day’s high, but still rose slightly to 5,634.58 points on the day. The Dow Jones Industrial Average fell 0.04% to close at 41,606.18 points, hitting a new intraday high.

The Nasdaq rose 0.2% to 17,628.06.

Wall Street’s latest assessment is that retail sales in August grew 0.1% from the previous quarter, while a Reuters survey predicted a 0.2% decline.

—CNBC’s Hakyung Kim and Samantha Subin contributed to this report.