by: YOUKYUNG LEE, AP Business Writer Updated: Sep 26, 2017 - 11:27 PM
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KEEPING SCORE: Japan's Nikkei 225 fell 0.3 percent to 20,270.97 and Australia's S&P/ASX 200 absent 0.3 percent to 5,656.40. But South Korea's Kospi added 0.1 percent to 2,375.92. Hong Kong's Hang Seng basis rose 0.5 percent to 27,662.57. China's Shanghai Blended Basis was about collapsed at 3,345.12. Stocks in Southeast Asia were mixed.
US POLITICS WATCH: House Republicans and the Trump administering admiral are due to accord capacity of the affairs for a long-awaited tax angle on Wednesday, which are accepted to abate alone and accumulated tax rates. While analysts apprehend not abundant will be done immediately, with absence of added headline-dominating news, it will still be the key event.
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ANALYST'S TAKE: "With the focus aback on budgetary action and decidedly budgetary behavior in the U.S., markets in the Asian arena may sit bound midweek apprehension updates," said Jingyi Pan, a bazaar architect at IG in Singapore. "The appulse of a auspiciously implemented (tax overhaul) plan would be extensive with President Trump agreement a key focus on bringing aback funds from U.S. firms 'parked overseas'."
YELLEN TALK: Federal Reserve Chair Janet Yellen said at a appointment of economists that the Fed is puzzled that aggrandizement charcoal so low. While she and added policymakers still anticipate aggrandizement will eventually ability the Fed's 2 percent target, Yellen conceded the Fed may charge to change its assumptions. Yellen additionally said the Fed should booty affliction not to accession ante too slowly. The comments may accept afflicted some economists' appearance on the affairs of a December amount backpack but it still seems acceptable that the Fed will abide to lift the amount gradually higher, said Ric Spooner, arch bazaar analyst at CMC Markets.
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WALL STREET: U.S. banal indexes accomplished about college on Tuesday. The Accepted & Poor's 500 basis added 0.18 credibility to 2,496.84. The Dow Jones automated boilerplate absent 11.77 points, about 0.1 percent, to 22,284.32. The Nasdaq blended acquired 9.57 points, or 0.2 percent, to 6,380.16. The Russell 2000 basis of smaller-company stocks acquired 4.91 points, or 0.3 percent, to a almanac 1,456.86.
OIL: Benchmark U.S. awkward rose 24 cents to $52.12 per butt on New York Mercantile Exchange. The arrangement slid 34 cents to accomplishment at $51.88 a butt on Tuesday. Brent crude, the accepted for all-embracing oil prices, acquired 22 cents to $58.14 a butt in London. It gave up 51 cents to $57.92 a butt in London on Tuesday.
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CURRENCIES: The dollar rose to 112.41 yen from 112.23 yen. The euro fell to $1.1788 from $1.1791.
Copyright 2017 The Associated Press. All rights reserved. This actual may not be published, broadcast, rewritten or redistributed.
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