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Asia markets set to rise after Wall Street declines as U.S. Fed chair suggests stocks are overvalued
CNBCยท 2025-09-23 23:50
Asia-Pacific markets fell Wednesday, tracking Wall Street declines after U.S. Federal Reserve Chair Jerome Powell said that "equity prices are fairly highly valued."Powell also signaled that the rate-cutting path wasn't clear and that the central bank faces a "challenging situation."Australia's ASX/S&P 200 lost 0.61%. Japan's benchmark Nikkei 225 slipped 0.33%, while the Topix lost 0.35%.The Reserve Bank of New Zealand announced Tuesday that Anna Breman would be the new governor of the central bank, marking ...