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Asian Market Update – Wednesday: Asian markets cautious on rising expectations for US rate hikes and lingering geopolitical tensions

The Big Question: How long will the cautious tone last? Major Asian indexes were largely unchanged on Wednesday, as investors appeared to have adopted a cautious stance after US Federal Reserve Chair Janet Yellen boosted expectations for a rate hike this year and the North Korea nuclear issue continues to linger. In Japan, the Nikkei 225 was down 0.29 percent to 20,270.97 at midday. In Greater China, stocks were also largely flat with very moderate gains. The Shanghai Composite Index gained a slight 0.05 percent to 3,345.27. In Hong Kong, the Hang Seng Index was up 0.42 percent to 27,627.77. […]
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