Asia-Pacific markets trade mixed; Taiwan market retreats from record high
What decisions are traders in Asia anticipating from the U.S. Federal Reserve following the release of the May inflation report?
Traders in Asia are anticipating the U.S. Federal Reserve's decision on interest rates, which will be announced after the release of the May inflation report1. Investors will be closely watching the Fed's updated projections on the timing and frequency of rate cuts. According to the CME FedWatch Tool, markets are currently pricing in just one rate cut this year, expected in November.
How did the Taiwan Weighted index perform after reaching a record high?
The Taiwan Weighted index reversed from its record high and fell 0.3%, ending at 21,792.12. This drop came as Asia-Pacific markets were mixed on Tuesday, with investors looking to the U.S. Federal Reserve's decision on Wednesday, which will come after the May inflation report is released the same day.
What specific public holiday caused the closure of markets in Australia, Hong Kong, mainland China, and Taiwan?
The specific public holiday that caused the closure of markets in Australia, Hong Kong, mainland China, and Taiwan was not mentioned in the provided text.