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Stock Market Live Updates: Asian stocks open lower as Fed decision looms
Sensex, Nifty, Share Prices LIVE: Asian stocks opened lower on Wednesday, reflecting Wall Street’s tech losses, as investors awaited signals on interest rates from the US Federal Reserve. The Nikkei 225 dropped 0.84%, the Topix index fell 0.26%, and Hong Kong’s Hang Seng Index declined 0.33%. However, South Korea’s KOSPI remained flat. The Federal Reserve is expected to maintain its key interest rate at 5.25%-5.50%. On Tuesday, the S&P 500 dipped 0.06%, the Nasdaq Composite Index fell 0.76%, and the Dow Jones Industrial Average rose 0.35%. Late-trading earnings reports from Microsoft Corp. and Alphabet Inc. contributed to declines, impacting Nasdaq 100 futures.