Investors watched for the Fed's release Wednesday of minutes from its July policy meeting for an update on when the central bank might start reducing bond purchases that pump money into the financial system and might look at raising interest rates.
Some Fed officials, citing strong hiring growth and rising inflation, say policy normalization should start soon. Others argue the Fed needs to see stronger economic data to be sure a recovery is established.
“Overall, there seems to be an absence of positive catalysts to boost sentiments,” said
The Shanghai Composite Index gained 0.9% to 3,487.44 and the
The Kospi in
The Dow Jones Industrial Average lost 0.8% to 35,343.28. The Nasdaq composite dropped 0.9% to 14,656.18.
Technology and consumer-oriented stocks declined as concern about the virus's impact on the economy grew. Health care stocks advanced.
Selling kicked off after the
Major indexes had been trading at record highs on a mix of confidence from investors and friendly monetary policy from the
In energy markets, benchmark
The dollar was little-changed at