Asian markets opened cautiously, holding within a tight range after a positive close on Wall Street. Investors across the region are awaiting key economic data releases and updates from the upcoming U.S. Federal Reserve meeting, which could impact global market sentiment.
Japan’s Nikkei 225 index saw a modest rise, climbing 0.3% as optimism from the U.S. stock market gains provided a slight boost. However, China’s Shanghai Composite Index dipped by 0.53%, with concerns over China’s economic outlook weighing on investor confidence. Hong Kong’s Hang Seng Index also saw a minor drop of 1.07%, reflecting a mixed response across Asia.
In currency markets, the U.S. dollar strengthened against major Asian currencies, adding pressure on regional markets. Investors are closely watching upcoming U.S. inflation data and the Federal Reserve’s policy announcements, as these factors are likely to shape the direction of global markets in the near term.
