Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal Reserve sapped risk appetite, with investors looking to the minutes of the U.S. central bank’s last meeting for clues on the policy outlook.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.09% lower on Wednesday. Japan’s Nikkei eased 0.21%, having stuttered in the last few days within sight of the all-time high set in 1989.
