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