There is a debate about the size of reduction after data showed U.S. retail sales unexpectedly ticked up in August in a sign of ongoing consumer resilience.
The U.S. dollar was muted below 101 mark in Asian trading and gold held steady while oil resumed slide after a two-day rally on concerns about the ongoing impact of Hurricane Francine on output in the U.S. Gulf of Mexico.
Trading was closed in Hong Kong for a national holiday. South Korea’s market was also closed for thanksgiving Chuseok holidays.
China’s Shanghai Composite index rose 0.49 percent to 2,717.28 on stimulus hopes as trading resumed after a holiday break.
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First Published: Sep 18 2024 | 4:04 PM IST
