Stock market retreat
Stock prices increased early Wednesday in Asia, where some major markets are closed for holidays as traders await the latest statement from the U.
5 rock-solid dividend stocks to protect you from a stock-market retreat - MarketWatch
But Australian stocks lagged behind for a second session as bank stocks continue to weigh on activity there. Credit Suisse said that while it is inclined to be more negative on the stock after the report, which included margin pressures amid heightened competition, there is a risk of being too downbeat given the potential of capital returns.
The weakness among the lenders more than offset a partial rebound in oil-related stocks in Australia amid a bounce in crude prices in Asia on Wednesday. Michael McCarthy, chief market strategist at CMC Markets, said there are signs of investor fatigue. Indexes in the region have been hitting multiyear or all-time highs of late. One market to watch Wednesday on that front is Taiwan.
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With major Asian markets closed, Australian stocks retreat. Related Topics Asia Markets China Japan Australia Singapore Foreign Investment.
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