Asian stock markets rebounded Wednesday after Wall Street fell on weak retail sales as investors awaited an update from the Federal Reserve on possible plans...
BEIJING — Asian stock markets rebounded Wednesday after Wall Street fell on weak retail sales as investors awaited an update from the Federal Reserve on possible plans to reduce U.S. stimulus.
Wall Street’s benchmark S&P 500 index declined Tuesday from a record high after U.S. retail sales in July were weaker than expected. “Overall, there seems to be an absence of positive catalysts to boost sentiments,” said Yeap Jun Rong of IG in a report. “Market sentiments may thus largely remain on hold, with the upcoming Fed minutes on watch next.”
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