Asia Markets See Mixed Day Amid Powell’s Valuation Concerns and Alibaba’s AI Push
Asia Markets See Mixed Day Amid Powell’s Valuation Concerns and Alibaba’s AI Push Asia-Pacific markets experienced a mixed trading session on Wednesday as investors digested comments from U.S. Federal Reserve Chair Jerome Powell, who suggested that “equity prices are fairly highly valued.” Powell also indicated an unclear path for interest rate cuts, describing the current situation for the central bank as “challenging.” Australia’s ASX/S&P 200 closed down 0.61%, with Japan’s benchmark Nikkei 225 slipping 0.33% and the Topix losing 0.35%….