Asian markets mixed, as US data miss lowers chances of Fed hike

Asian markets mixed, as US data miss lowers chances of Fed hike

Wednesday, September 07, 2016
Asian Market 1
Asian shares opened mixed on Wednesday, shrugging off Wall Street’s higher close on “bad news is good news” as weaker-than-expected US ISM services data lowered the chances the Federal Reserve will hike rates.

Japan’s Nikkei 225 fell 0.76 percent in early Asian trade, as the yen strengthened against the dollar. A stronger yen is generally seen as negative for Japanese stocks as it makes exports more expensive and reduces overseas earnings when translated back into the home currency.

In South Korea, the benchmark Kospi was up 0.15 percent.

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