Asia-Pacific stocks mostly close lower, with pre-Fed caution

Stocks in Asia and the Pacific closed their business on Wednesday (4) mostly lower, in another day of reduced liquidity amid holidays that kept markets in China and Japan closed, in anticipation of the interest rate decision. of the Federal Reserve (Fed, the US central bank).

The Hang Seng index fell 1.10% in Hong Kong, at 20,869.52 points, and the South Korean Kospi had a slight loss of 0.11% in Seoul, at 2,677.57 points, but the Taiex registered a modest advance of 0. .41% in Taiwan, at 16,565.83 points.

In Oceania, the Australian stock exchange was in the red for the third session in a row, with the S&P/ASX 200 down 0.16% in Sydney to 7,304.70 points.

Caution prevailed in the Asia-Pacific region ahead of the announcement by the Fed, which this afternoon is expected to adopt a more aggressive stance and raise its base rates by 50 basis points, in an attempt to contain inflationary pressures exacerbated by the war between Russia and Ukraine. .

In March, the US central bank raised its rate by 25 basis points.

With information from Dow Jones Newswires

Source: CNN Brasil

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