Asian shares fell ahead of the Fed decision
Publish Date : 2019/10/30 - 06:06

Asian stocks fell on Wednesday amid the possibility of Federal Reserve rate cut and fears of a delay in the initial US-China trade deal.

The MSCI index fell 0.33% from its three-month high on Tuesday.

Japan's Nikkei fell 0.35% after touching a one-day high yesterday.

The market lost its profits after a report by US officials on the possibility that the US-China agreement would not be ready for signature at the Chile summit.

On Wall Street, the S&P 500 index hit a new high after good earnings from drug manufacturing such as Merck and Pfizer, before losing 0.08% at the end of trading.

Google parent Alphabet's weak earnings report led the Nasdaq to fall 0.59%.

Expectations of a reduction of 0.25% by federal Reserve emboldened investors. The Fed will set interest rates tonight.


Source: Reuters

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