By Marketwatch and Associated Press

Nikkei, Hang Seng muted following Wall Street’s late rally

Asian markets were little changed in early trading Friday, as investors took a wait-and-see approach after Wall Street rallied late to snap a two-day losing streak.

The major U.S. indexes were down around 1% at one point early Thursday, but pulled out of their respective dives to end the day in positive territory (link). The Nasdaq Composite closed up 1.1% for its biggest intra-day turnaround (link)since April 2018.

As recent economic data has raised fears of recession, investors apparently were betting on another interest-rate cut by the Fed

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