Stock market today: Asian shares are mixed after Fed chair's comments give scant clues on rate cuts
Shares are mixed in Asia after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on when the U.S. central bank might lower interest rates
By ELAINE KURTENBACH
Published - Jul 10, 2024, 12:18 AM ET
Last Updated - Jul 10, 2024, 12:18 AM EDT
Shares were mixed Wednesday in Asia after remarks by Federal Reserve Chair Jerome Powell in front of Congress did little to change investors' expectations for the timing of a Fed interest rate cut.
In Hong Kong, the Hang Seng index gained 0.4% to 17,587.16, while the Shanghai Composite index gave up 0.3% to 2,949.60.
China reported that its consumer price index slipped to 0.2% in June from 0.3% in May, below expectations largely due to declines in prices for foods other than pork.
