Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Asian indexes put in mixed performances on Wednesday following the rally on Wall Street overnight while the dollar lost ground following comments from President Donald Trump.
Japan's Nikkei 225 rose 0.26 percent, or 50.80 points, to close at 19,434.64, ending a five-day losing streak.
Across the Korean strait, the Kospi inched up by 0.05 percent, or 1.07 points, to close at mostly flat at 2,366.4.
Down Under, the S&P/ASX 200 gave up gains made earlier in the session. The index slid 0.22 percent, or 12.924 points, to end at 5,737.200 as a rise in the energy sub-index was offset by losses in the utilities and information technology sub-indexes.
Mainland China markets also edged down. The Shanghai Composite slipped 0.08 percent, or 2.5461 points, to close at 3,287.6796, while the Shenzhen Composite declined 0.331 percent, or 6.3243 points, to 1,901.9955.
Meanwhile, trade for Hong Kong markets was cancelled as tropical cyclone Hato approached, the Hong Kong Exchange said in a news release. A number 10 typhoon signal — the most severe in the Hong Kong warning system — was issued by the Hong Kong Observatory at 9:10 a.m. HK/SIN.
Trump's comments sent the safe-haven yen higher, with the dollar fetching as little as 109.34 yen, compared with as high as 109.82 yen prior to Trump's remarks. The dollar/yen was at 109.38 at 3:10 p.m. HK/SIN.
Meanwhile, spot gold bumped higher, rising as high as $1,287.09 an ounce after the remarks from as low as $1,282.94 earlier. The yellow metal last traded at $1,286.99.
The dollar index slipped as low as 93.468 on the headlines after climbing against a basket of currencies earlier in the session. The dollar index recovered some ground to last stand at 93.541.
The move higher overnight on Wall Street was attributed to talk that the Trump administration was moving ahead with its tax reform policy proposals. Trump aides and congressional leaders were reportedly in broad agreement over how corporate and individual tax rates could be reduced, according to a Politico report.
Stateside, stocks ended the session higher as investors anticipated progress on tax reform, with the Dow Jones industrial average rising 0.90 percent, or 196.14 points, to close at 21,899.89.
"This is in essence a shrug (of relief) rather than a bona fide surge in risk appetite," said Mizuho Bank Head of Economics and Strategy Vishnu Varathan in a note.
Despite the pick-up in risk appetite overnight, market sentiment remained rather fickle, ANZ Research said in a Wednesday note.
"Sentiment is yo-yoing in thin summer markets ahead of the Jackson Hole symposium," wrote ANZ economist Giulia Lavinia Specchia.
Market movers during the day included Toshiba, which has started talks with Western Digital as it attempts to secure an agreement for the sale of its flash memory arm, Nikkei Asian Review reported. Toshiba shares rose 5.30 percent.
In corporate news, China Unicom's Hong Kong unit entered into a share subscription agreement with Unicom BVI, according to a release on the Hong Kong Exchange. Unicom BVI, controlling shareholder of China Unicom Hong Kong, will subscribe for a maximum of 6.65 billion subscription shares at a price of HK$13.24 per share.
In economic news, Indonesia's central bank lowered its benchmark interest rate by 25 basis points to 4.5 percent in a surprise move. A Reuters poll had found that 19 out of 20 economists surveyed had expected rates to remain on hold. The rate cut was Bank Indonesia's first since October.
In currencies, the euro traded at $1.1755 at 2:32 p.m. HK/SIN, a tad below an overnight low of $1.1756 against the dollar. The move lower in the euro was attributed to softer-than-expected economic sentiment in Germany. German institute ZEW said its investor sentiment index showed a fall to 10.0 from 17.5 in July, according to Reuters.
The softer euro was also due to nervousness over how hawkish European Central Bank President Mario Draghi will sound in his speech at Jackson Hole, given how much the common currency has appreciated this year, BK Asset Management Managing Director of FX Strategy Kathy Lien said in a note.
The central banking meeting at Jackson Hole will take place at the end of the week.
— CNBC's Leslie Shaffer contributed to this report.