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HomeWorld NewsFed meeting; Singapore exports; Indian inflation | Real Time Headlines

Fed meeting; Singapore exports; Indian inflation | Real Time Headlines

The container was loaded on June 14, 2022, at the premises of Singapore Port operator PSA, the Port of Singapore Authority (PSA).

Bernd von Utzenka | Picture Alliance | Getty Images

Most Asia Pacific markets Open high Trading on Wall Street was mixed on Tuesday as investors prepared for the Federal Reserve to launch a monetary easing cycle.

The Fed is expected to announce its first rate cut since March 2022, but markets are divided over how much to cut at the two-day policy meeting that begins on Tuesday.

U.S. retail sales data will also be in focus as investors keep a close eye on consumer health ahead of the Federal Reserve meeting.

Asian traders will also focus on Singapore’s non-oil domestic exports in August, which analysts polled by Reuters expect will rise 15% year-on-year but fall 3.3% month-on-month.

Tuesday’s economic data also includes India’s wholesale prices in August, which are expected to rise 1.85% on the year, down from 2.04% in July.

Chinese electronics manufacturer Midea Group It is expected to be listed in Hong Kong with a share price of HK$54.80 per share. City’s biggest listing in more than three years.

Some Asian markets will be closed for the Mid-Autumn Festival, including South Korea, China and Taiwan. Japanese markets will resume trading on Tuesday after being closed for a public holiday on Monday.

Australian S&P/ASX 200 Index It opened up 0.15%.

Japanese Nikkei 225 Index fell 0.22%, while the Topix was little changed.

Hong Kong Futures Hang Seng Index The Hang Seng Index reported at 17,425 points, slightly higher than the Hang Seng Index’s last closing point of 17,422.12 points.

Overnight in America, Dow Jones Industrial Average Up 0.55%, hitting a record high of 41,622.08, tracking the rise in the stock market S&P 500 Index It rose 0.13% to close at 5,633.09. If its momentum continues, the broad-based index could set a new all-time record this week.

at the same time Nasdaq Index dragged down by technology stocks, it fell 0.52% to close at 17,592.13 points.

—CNBC’s Hakyung Kim and Pia Singh contributed to this report.

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