Asia Stocks Wobble on Rate Cut Delays – DD India

Asian stocks got off to a shaky start on Thursday (May 2) after the Federal Reserve flagged delays to interest rate cuts, while the dollar fell heavily on the yen in what traders reckoned was Japanese intervention. Japan’s benchmark Nikkei average opened down 0.71% at 38,004.01 on Thursday while Hong Kong shares barely moved at the open with benchmark the Hang Seng Index inched down just over 2 points to 17,760.