Asian Equities Lower in Cautious Trade

Asian stock markets opened mostly lower on Thursday in what will likely be a quiet session amid a lack of catalysts.

“Asia remains in a state of stasis. There has been next-to-no news on the commodities front from China. Southeast Asia has seen a quiet period as it awaits the outcomes from Japan’s data drop [on Friday]” said Evan Lucas, market strategist at IG in a morning note.

U.S. stocks ended little moved on Wednesday, but the S&P 500 managed to close at a record high above 2,000 points for a second consecutive session.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.