Article Summary
US markets open in the red on Wednesday [https://invezz.com/wp-content/uploads/2025/05/image-23-2.png] Asian equities ended Thursday on a mixed note as investors weighed the Federal Reserve’s policy decision and cautious comments from Chair Jerome Powell. Powell warned that rising goods prices were feeding through to inflation and said the central bank expected price pressures to build into next year. CHINA AND HONG KONG STOCKS DECLINE Mainland Chinese shares fell sharply amid renewed trade tensions after China’s internet regulator banned domestic tech companies from buying Nvidia’s chips. At the same time, separate reports indicated Beijing would end its antitrust probe into Google’s Android dominance in the domestic smartphone market. The Shanghai Composite index dropped 1.15 percent to close at 3,831.66 ahead of a scheduled phone call between US President Donald Trump and Chinese President Xi Jinping on Friday. The CSI 300 also slipped 1.4 percent. In Hong Kong, stocks retreated as the Fed’s stance signalled caution on the pace of future rate cuts. The Hang Seng Index fell 1.4 percent to 26,554.85 after briefly topping 27,000 points earlier in the session, while the Hang…
Read the Full Article
This is a summary from our news feed. For the complete article with full details, analysis, and additional content, visit the original source.
Read Full Article on Invezz Markets