A customer places a 10,000 yen note on the checkout counter while shopping at Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022.
Kiyoshi Ohta | Bloomberg | Getty Images
Asia-Pacific markets opened mostly lower on Tuesday, lagging behind mixed gains on Wall Street.
That day, two Fed officials talked about the trajectory of interest rates.
Minneapolis Fed President Neel Kashkari noted that the U.S. economy is resilient and the labor market is strong, and he said the long-term interest rate trajectory is likely to be higher than in the past.
Dallas Fed President Lori Logan said she supports the current move to cut interest rates but needs to take a patient approach.
In Asia, investors will see brighter prospects for economic data.
Investors will be eyeing Hyundai India’s 27,856-crore ($3.3 billion) initial public offering on the country’s stock exchange, which will reportedly be India’s largest-ever IPO.
Australian S&P/ASX 200 Index It opened down 1%, while Hong Kong’s Hang Seng Index futures were at 20,386 points, opening weaker than the Hang Seng Index’s last closing level of 20,478.46 points.
In comparison, Japan’s benchmark Nikkei 225 Index The Chicago futures contract is at 39,165 and the Osaka futures contract is at 39,140, while the index last closed at 38,954.6.
U.S. stocks closed mixed overnight, with U.S. Treasury yields rising as investors awaited new earnings reports.
The S&P 500 fell 0.18% and the 30-stock Dow Jones Industrial Average fell 0.8%, ending a three-day winning streak.
The Nasdaq had an unusual performance, rising 0.27%.
—CNBC’s Pia Singh and Sarah Min contributed to this report.
About The Author
