Asia-Pacific markets like Australia, Hong Kong, mainland China and Taiwan will return to trade on Tuesday, after being closed for a public holiday the previous day.
Traders in Asia will be looking to the U.S. Federal Reserve's decision on Wednesday stateside, which will come after the May inflation report is released the same day. People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024.Traders in Asia will be looking to the U.S. Federal Reserve's decision on Wednesday stateside, which will come after the May inflation report is released earlier the same day.
Investors will parse through the Fed's updated projections on the timing and frequency of rate cuts. Markets are now pricing in just one rate cut this year, coming in November,Asia-Pacific markets like Australia, Hong Kong, mainland China and Taiwan will return to trade on Tuesday, after being closed for a public holiday the previous day.Hong Kong's Hang Seng index futures were at 18,096, lower than the HSI's last close of 18,366.95.