Aerial view of vehicles traveling on a road through the central business district of Beijing, China.
Video Visual China Group | Getty Images
Asia-Pacific markets traded mixed on Wednesday as investors parsed China’s inflation data and awaited the US Federal Reserve’s interest rate decision.
hong kong Hang Seng Index Mainland China’s CSI300 index last closed 0.14% lower at 4,591.83, as consumer prices in China rose 0.7% year-on-year to the highest level since February last year. This followed a 0.2% rise in October and was in line with expectations for a 0.7% rise in a Reuters poll of economists.
Factory gate prices in November fell 2.2% compared to the same month last year, lower than the expected 2% decline, extending deflation into its fourth year. This compares to a 2.1% decline in October.
australian S&P/ASX 200 There was little change at 8,579.4.
Japanese Nikkei Stock Average fell 0.1% to 50,602.8, while Topix rose 0.12% to 3,389.02. South Korea’s Kospi fell 0.21% to 4,135, while the small-cap Kosdaq rose 0.39% to 935.
Traders are closely watching the US Federal Reserve’s last interest rate announcement of the year on Wednesday. Many in the market expect the Fed to cut its benchmark overnight lending rate by another 0.25 percentage point, matching the cuts made in September and October.
One night in America S&P500 It remained relatively unchanged and closed. The broader market index remained flat, declining just 0.09% to close at 6,840.51, while the Nasdaq Composite Index rose 0.13% to close at 23,576.49. of Dow Jones Industrial Average It fell 179.03 points (0.38%) to end at 47,560.29. The 30-stock index was dragged down. JP Morgan Supports 2026 spending forecast that exceeds expectations.
—CNBC’s Sean Conlon and Alex Harring contributed to this report.
